Evolva reaches milestone in BASF collaboration
Reinach, Switzerland, 29 January 2013 – Evolva Holding SA (SIX: EVE) today announced that it has achieved a key milestone in its collaboration with BASF (announced in March 2011). The collaboration involves joint research on the design of novel and optimised biosynthetic routes for a natural product with crop protection potential.
Evolva has produced a yeast strain that achieves a fermentation yield that significantly exceeds the project requirement. Based on this achievement, BASF has made a low six-digit Swiss Franc milestone payment to Evolva.
Evolva will be entitled to receive royalties on sales of any future product, resulting from this collaboration.
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Evolva’s mission is to discover and provide innovative, sustainable ingredients for health, nutrition and wellness. Evolva uses biosynthetic and evolutionary technologies to create and optimize small molecule compounds and their production routes. We are active in consumer healthcare and nutrition as well as in pharma. In both areas we have partnered projects as well as proprietary programs. For more information see www.evolva.com.
|Neil Goldsmith, CEO||Jakob Dynnes Hansen, CFO||Paul Verbraeken, IR|
|[email protected]||[email protected]||[email protected]|
|+ 41 61 485 2005||+ 41 61 485 2034||+ 41 61 485 2035|
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