This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amyris Partners With Givaudan To Develop Key Fragrance Ingredient From Biofene

Amyris, Inc. (NASDAQ:AMRS) announced today that it has entered into an agreement with Givaudan (SIX:GIVN), the global leader in the fragrances and flavors industry, headquartered in Vernier, Switzerland. Under the agreement, Givaudan will develop a derivative of Biofene TM to be used as a building block for one of the most important proprietary fragrance ingredients in Givaudan’s palette. Biofene is the chemical, farnesene, produced using Amyris’s bio-based technology and production platform.

The use of Biofene supports Givaudan’s goal of utilizing cost-effective and sustainably sourced materials. Upon successful achievement of certain success criteria, Amyris will supply Biofene to Givaudan to derive a proprietary fragrance ingredient for the global fragrances and flavors market. Givaudan intends to market and distribute the final product as early as 2012, and Amyris will share in the economic value created from the use of Biofene.

“Our collaboration with Givaudan reinforces our commitment to supply No Compromise® solutions to the fragrances and flavors market,” said John Melo, CEO of Amyris. “This project provides yet another example of the breadth of products that can be derived from Biofene - our first-to-market renewable building block.”

“As an innovator as well as the industry’s largest purchaser of raw materials, we have a responsibility to shape and lead the sustainability approach in the fragrances and flavors industry,” said Gilles Andrier, CEO of Givaudan. “Continued investment into research and development is a key pillar of our 5-year business strategy and through collaborations with suppliers like Amyris, we can deliver real and impactful solutions.”

Amyris’s synthetic biology platform creates living factories to produce specific, targeted molecules. Amyris’s technology platform may be applied to produce an array of ingredients currently used in the fragrances and flavors industry. Amyris designs its No Compromise products to provide high-quality solutions from sustainable and reliable sources and at competitive prices. This collaboration is another indication of Amyris’s potential in the fragrances and flavors market and is the first partnership that focuses on the use of Biofene as a building block for an important fragrances ingredient.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs