Brief: Dyadic Announces Research, License And Collaboration For Manufacture Of Animal Free Ingredients

Dyadic International

11/05/2022 13:39

May 11 (Reuters) - Dyadic International Inc  DYAI.O :
    * DYADIC ANNOUNCES RESEARCH, LICENSE AND COLLABORATION FOR
MANUFACTURE OF ANIMAL FREE INGREDIENTS
    * DYADIC INTERNATIONAL INC -  UNDER TERMS OF AGREEMENT,
RESEARCH
PROJECT WILL BE FULLY FUNDED BY GLOBAL FOOD INGREDIENTS COMPANY
UP TO EUR 3.6 MILLION EUROS
    * DYADIC INTERNATIONAL-UNDER DEAL, DYADIC TO DEVELOP ITS
PROPRIETARY PRODUCTION CELL LINES FOR MANUFACTURE OF ANIMAL FREE
INGREDIENT PRODUCT CANDIDATES
    * DYADIC INTERNATIONAL INC -  UNDER TERMS OF AGREEMENT,
DYADIC
WILL RECEIVE A "COMMERCIALIZATION FEE" OF LOW EIGHT FIGURES UPON
COMMERCIALIZATION
    * DYADIC INTERNATIONAL INC -  UNDER TERMS OF AGREEMENT,
DYADIC
WILL RECEIVE A ROYALTY PAYMENT OF LOW SINGLE DIGITS BASED ON
COMMERCIAL SALES

Source text for Eikon:  ID:nGNX2m7840 
Further company coverage:  DYAI.O 

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