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Evolva reaches milestone in BASF collaboration Dienstag, 29. Januar 2013 - 07:03
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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