Brief: Fermentalg Reaches Final Milestone In Scale-up of Galdieria Blue Extract

Fermentalg SA

28/06/2022 06:56

June 28 (Reuters) - Fermentalg SA  FALG.PA :
    * MEETS FOOD COLOUR TECHNICAL MILESTONE AND INITIATES THE
PRE-COMMERCIALIZATION OF INNOVATIVE ACID STABLE BLUE NATURAL
COLOR WITH DDW, PART OF GIVAUDAN
    * ACHIEVEMENT OF THIS SECOND MILESTONE TRIGGERS AN
ADDITIONAL
PAYMENT OF  €1 MILLION FROM DDW TO FERMENTALG
    * FIRST PRE-COMMERCIAL ORDERS ARE EXPECTED BEFORE THE END OF
THE
YEAR
    * IN PARALLEL WITH THE INDUSTRIAL TRANSFER AND
PRE-COMMERCIALIZATION EFFORTS, APPLICATIONS WITH EUROPEAN FOOD
SAFETY AUTHORITY AND US FOOD AND DRUG ADMINISTRATION ARE BEING
PURSUED TO OBTAIN REGULATORY AUTHORISATIONS IN H2 2023
    * FIRST PRE-COMMERCIAL ORDERS ARE EXPECTED BEFORE END OF
YEAR

Source text for Eikon:  ID:nACT75180 
Further company coverage:  FALG.PA 

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