|From: Paul Lee||2/29/2012 9:42:53 AM|
|DYADIC INTERNATIONAL PARTNERS WITH LEADING PROVIDER OF NUTRITIONAL INGREDIENT SOLUTIONS FOR PRODUCTION OF FOOD ENZYMES|
JUPITER, Fla., February 29, 2012 - Dyadic International, Inc. ("Dyadic") (OTC Pink: DYAI), a global biotechnology company focused on the discovery, development, manufacture and sale of enzyme and protein products for the industrial enzyme, bioenergy, and biopharmaceutical industries, announced today that it has entered into a research, development and license agreement with a leading global provider of nutritional ingredient solutions to use Dyadic’s patented and proprietary C1 platform technology to develop, manufacture and commercialize key enzyme products for food applications.
Dyadic’s President and Chief Executive Officer, Mark Emalfarb, stated, “We are very fortunate to partner with a company that has such a long history of providing innovative and effective products. Dyadic looks forward to utilizing its C1 technology for the expression of next generation enzyme products for food applications. This collaboration is yet another example of Dyadic’s ability to continue leveraging its technologies in a variety of industries by providing its partners with the pathway towards greater profitability through better performing products at lower costs and higher yields.”
Under this agreement, Dyadic’s partner will fund research at Dyadic’s research and development center in the Netherlands to develop customized C1 fungal strains that can produce high levels of key enzymes for food applications. Dyadic has granted its partner a worldwide license to use these developed C1 fungal strains to manufacture and sell these key ingredients used in manufacturing certain foods.
In addition to research funding, if the research is successful and Dyadic’s partner commercializes enzyme products derived from Dyadic’s C1 technology, Dyadic will be eligible to receive commercial milestone payments as well as ongoing royalties based on the production of these enzyme products. Additionally, if Dyadic is successful in achieving the desired enzyme yields in this project, both parties agree that it will lead to collaboration on additional development projects for the food industry.
At the request of Dyadic’s partner, Dyadic has agreed to keep the identity of its partner confidential until further notice.
Dyadic International, Inc. is a global biotechnology company that uses its patented and proprietary technologies to conduct research, development and commercial activities for the discovery, development, manufacture and sale of enzyme and protein products for the bioenergy, industrial enzyme and biopharmaceutical industries. Dyadic utilizes an integrated technology platform based on its patented and proprietary C1 fungus which enables the development and large scale manufacture of low cost proteins and enzymes for diverse market opportunities. The C1 platform technology can also be used to screen for the discovery of novel genes and proteins. Dyadic actively pursues licensing arrangements and other commercial opportunities to leverage the value of these technologies by providing its partners and collaborators with the benefits of manufacturing and/or utilizing the enzymes which these technologies help produce. Please visit Dyadic’s website at www.dyadic.com.
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|From: Paul Lee||7/16/2012 9:53:41 AM|
|DYADIC DEMONSTRATES INDUSTRY-LEADING BIOFUELS ENZYME PERFORMANCE|
AlternaFuel® CMAX3™ performance equals and surpasses leading biofuels enzymes
JUPITER, Fla., July 16, 2012 - Dyadic International, Inc. ("Dyadic") (OTC Pink: DYAI), a global biotechnology company focused on the discovery, development, manufacture and sale of enzymes and others proteins for the bioenergy, bio-based chemical, biopharmaceutical and industrial enzyme industries, today unveiled its latest biofuels enzyme advancement, AlternaFuel® CMAX3™. This next generation product enables the production of cellulosic biofuels and bio-based chemicals from a wide range of renewable non-food feedstocks under broad operating conditions.
Dyadic’s President and CEO, Mark Emalfarb, stated “The data supporting this product clearly demonstrates Dyadic’s scientific capabilities to leverage our C1 technology platform to create enzyme mixtures whose performance rivals the leading biofuels enzyme product on the market. This is largely due to the inherent robustness and versatility of the C1 genome and expression system, both of which have considerable untapped potential. The results obtained with AlternaFuel® CMAX3™ are not only relevant for the production of biofuels but also for bio-based chemicals and biogas. Dyadic and its licensees are continuing to develop better performing enzymes to further reduce the total cost of producing advanced biofuels and other bio-based products.”
Jan Wery, Science Director at Dyadic Netherlands, added, “AlternaFuel® CMAX3™ achieved a similar saccharification yield at pH 5.0 and substantially better results at pH 6.0 than those achieved by the current leading competitive biofuels enzyme product. Saccharification yield is defined as the relative amount of fermentable sugars released through enzymatic hydrolysis from lignocellulosic biomass such as agricultural feedstock and waste. This important parameter demonstrates the level of progress being made across the entire industrial enzyme industry in developing enzymes necessary for lignocellulosic biomass to replace petroleum in fuel and chemical production.”
About AlternaFuel® CMAX3™
AlternaFuel® CMAX3™is the latest generation of a cellulase and hemicellulase complex based on Dyadic’s C1 platform technology which enables efficient conversion of multiple forms of non-food biomass into fermentable sugars at broad pH and temperature ranges that can be used to produce biofuels, bio-based chemicals, biogas and other bio-based products.
For more information on AlternaFuel® CMAX3™, please visit Dyadic’s recently remodeled website at www.dyadic.com.
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|From: Paul Lee||9/7/2016 9:30:03 AM|
|Dyadic International, Inc. Announces Research and Development Agreement to Further Advance Its Proprietary C1 Fungal Strain for Biopharmaceutical Development & Production JUPITER, FL – September 7, 2016 (GLOBE NEWSWIRE) - Dyadic International, Inc. ("Dyadic") (OTCQX: DYAI), a global biotechnology company focused on the development and large scale manufacture of low cost, better performing biologic vaccines and drugs at flexible commercial scales, today announced they have entered into a research and development agreement to further advance its proprietary C1 fungal strain for biopharmaceutical development & production. The collaboration is targeting the development of highly productive C1 strains & fermentation processes, and the accompanying associated molecular tools to produce a number of targeted therapeutic proteins for Dyadic as well as those specified by third party biotech and pharmaceutical companies. |
"We are excited to be further advancing C1's capabilities for the development and production of lower cost therapeutic proteins," said Mark A. Emalfarb, Founder and CEO, Dyadic. "In order to reach our ambitious goals and to incentivize the scientists carrying out this project, the agreement provides for potential milestone payments for achieving specified productivity levels and glycosylation properties within specified timelines."
"The research & development program will encompass the entire spectrum of strain development through fermentation optimization, applying proven scientific and genetic techniques and principles, executed by some of the most skilled filamentous fungal researchers to re-engineer the highly productive industrially proven C1 expression system for therapeutic uses," said Ronen Tchelet, PhD, Dyadic's VP of Research & Business Development. "What we are setting out to accomplish in this development program has the potential to help bring biologic vaccines & drugs to market faster, in greater volumes, at lower cost, and with new properties to drug developers and manufacturers and, hopefully, improve access and reduce cost to patients and the healthcare system, but most importantly saving lives."
About Dyadic International, Inc.
Dyadic International, Inc. is a global biotechnology company which is developing what it believes will be a potentially significant biopharmaceutical protein production system based on the fungus Myceliopthora thermophila, nicknamed C1. The C1 microorganism, which enables the development and large scale manufacture of low cost proteins, has the potential to be further developed into a safe and efficient expression system that may help speed up the development, production and performance of biologic vaccines and drugs at flexible commercial scales. Dyadic is using the C1 technology and other technologies to conduct research, development and commercial activities for the development and manufacturing of human and animal vaccines, monoclonal antibodies, biosimilars and/or biobetters, and other therapeutic proteins. Dyadic pursues research and development collaborations, licensing arrangements and other commercial opportunities with its partners and collaborators to leverage the value and benefits of these technologies in developing and manufacturing biopharmaceuticals which these technologies help produce. In particular, as the aging population grows in developed and undeveloped countries, Dyadic believes the C1 technology may help bring biologic drugs to market faster, in greater volumes, at lower cost, and with new properties to drug developers and manufacturers and, hopefully, improve access and cost to patients and the healthcare system, but most importantly saving lives. Please visit Dyadic's website at www.dyadic.com for additional information, including details regarding Dyadic's plans for its biopharmaceutical business.
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|To: Paul Lee who wrote (7)||2/27/2018 8:46:56 AM|
|From: Paul Lee|
|Dyadic International, Inc. Announces Research and Development Collaboration with Mitsubishi Tanabe Pharma Corporation To Produce Two Target Proteins in C1 |
GlobeNewswire•February 27, 2018
JUPITER, Fla., Feb. 27, 2018 (GLOBE NEWSWIRE) -- Dyadic International, Inc. (“Dyadic”) ( DYAI), a global biotechnology company focused on further improving and applying its proprietary C1 gene expression platform to speed up the development and production of biologic products at commercial scales, today announced that it has entered into a funded proof of concept research collaboration to explore the potential of its C1 technology to produce two vital therapeutic proteins for human health indications with Mitsubishi Tanabe Pharma Corp., one of the World’s top tier pharmaceutical companies.
“We are very pleased to have the opportunity to collaborate with Mitsubishi Tanabe Pharma Corp. to express two of its important therapeutic compounds using our C1 production platform”, said Mark Emalfarb, Dyadic’s CEO. “This research and development program is aiming to help Mitsubishi Tanabe overcome specific gene expression challenges and to further demonstrate the potential of C1 to become a platform of choice for manufacturing protein-based biologics because of its speed of development and low cost of goods.”
“In this research collaboration, we will be using our proprietary synthetic biology and genome engineering techniques to further modify our C1 host production organism to produce the desired therapeutic proteins”, said Ronen Tchelet, Ph.D., Dyadic’s Head of Research. “We have already proved that our C1 technology is capable of speeding up the development process and producing certain monoclonal antibodies (mAbs) at commercially important levels. We expect this project to generate additional data and to enlarge the diversity of the types of proteins that our C1 platform can potentially produce at higher yields and with lower cost.”
About Dyadic International, Inc.
Dyadic International, Inc. is a global biotechnology company which is developing what it believes will be a potentially significant biopharmaceutical gene expression platform based on the fungus Myceliophthora thermophila, nicknamed C1. The C1 microorganism, which enables the development and large-scale manufacture of low cost proteins, has the potential to be further developed into a safe and efficient expression system that may help speed up the development, lower production costs and improve the performance of biologic vaccines and drugs at flexible commercial scales. Dyadic is using the C1 technology and other technologies to conduct research, development and commercial activities for the development and manufacturing of human and animal vaccines, monoclonal antibodies, biosimilars and/or biobetters, and other therapeutic proteins. Additionally, the Company has entered into a proof of concept research project to explore the potential of its C1 technology to produce an important active moiety for a third party. Dyadic pursues research and development collaborations, licensing arrangements and other commercial opportunities with its partners and collaborators to leverage the value and benefits of using these technologies in the development and manufacture of biopharmaceuticals. In particular, as the aging population grows in developed and undeveloped countries, Dyadic believes the C1 technology may help bring biologic vaccines & drugs to market faster, in greater volumes, at lower cost, and potentially with new properties to drug developers and manufacturers and, hopefully, improve access and cost to patients and the healthcare system, but most importantly save lives.
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|From: Paul Lee||6/4/2019 6:06:27 PM|
|14:01 04 Jun 2019|
The biotechnology platform company helps drug makers negotiate the cost curve from discovery to large-scale manufacturing of low-cost enzymes and proteins that can ultimately lower the cost of healthcare
When Mark A Emalfarb started Dyadic International Inc ( NASDAQ:DYAI), it was cashing in on a 1980s trend — supplying pumice stones to denim makers to help make stonewashed jeans more fashionable and comfortable. Forty years later, Dyadic is a sought-after biotechnology platform company listed on the tech-laden Nasdaq.
Founded in 1979, the Jupiter, Florida, biotechnology platform company, sold a variety of industrial enzymes worldwide for more than two decades to the biofuel, animal nutrition, pulp and paper, food and beverage and textile industries.
Dyadic leverages its proprietary C1 technology — an industrially proven fungal gene expression technology for producing large amounts of low cost biologic products — to help bring biologic vaccines, therapeutic enzymes, proteins, biosimilars, drugs and potentially other types of biologics such as metabolites and viral vectors such as AAV to market faster and at a lower cost.
The company has patented its proprietary filamentous fungus, Myceliophthora thermophila, nicknamed C1 and the associated molecular tools used to engineer the C1 cells to express and manufacture large volumes of low-cost biologic products such as enzymes and proteins.
The C1 fungus, is a living cell that has been bioengineered by Dyadic scientists for more than two decades. Through a series of serendipitous mutations, the C1 cells morphed into what the company calls microscopic propagules — this change in the shape and form of the C1 cells led to both hyper productivity and robust and reproducible growth characteristics. This scientific anomaly improved C1’s productivity several hundred-fold and allowed for the large industrial scale production of enzymes and other proteins.
Dyadic, which started trading on the Nasdaq on April 17 this year, is ripe with opportunities. Proactive Investors sat down with Dyadic International’s founder and CEO Mark Emalfarb to learn more about those opportunities.
Emalfarb is a named inventor on over 25 US and international biotech patents and patent applications linked to the patented and proprietary C1 microorganism.
How did you end up in the biotechnology industry and what is the genesis of Dyadic International?
I was a journalism major and a member of the University of Iowa NCAA championship wrestling team coached by Dan Gable. I started out helping to pioneer the stonewash jeans industry by supplying pumice stones to soften and fade denim to Levi Strauss & Co ( NYSE:LEVI), Guess Jeans, Wrangler, Lee as well as many other jean manufacturers and garment wet processers. Sales of pumice grew to around $15 million per year by the mid 80’s which yielded a profit of nearly $5 million.
In the 80’s cellulase enzymes were coming on the scene as a more environmentally friendly alternative to the use of pumice in the stone wash process. Since Dyadic had the customer relationships with the laundries performing the stone wash services for the blue jean manufactures Dyadic began to offer the cellulase enzymes to its customers to supplement and/or replace the pumice.
As the enzyme manufacturers began to open up additional distributors our margins were contracting, so I embarked on a search to find scientists who could help us develop our own cellulase enzyme products. The next step in Dyadic’s evolution “from jeans to genes” was to become a biotech company, to develop and manufacture our own line of enzymes.
We found top scientists at Moscow State University that had been carrying out research on cellulases since the 1970’s. We worked with both Russian and American scientists and launched our first commercial cellulase product, ACE, in 1994 and followed that quickly in the Fall of 1996 with a neutral cellulase enzyme (NCE) which was produced from C1. We obtained our first of over two dozen patents on C1 in the Fall of 1998.
We then embarked on a two-plus decade-long R&D effort which takes us to where we are today, with a potentially significant biopharmaceutical gene expression platform based on the fungus Myceliophthora thermophila, named C1.
How would you explain the C1 expression technology to investors who may not be familiar with the science behind it?
C1 is a novel industrially proven fungus, a living cell that has been engineered to produce large volumes of low-cost enzymes and other proteins. The first breakthrough moment came in the process of developing C1 when we bred the natural C1 isolate, a fungus which was isolated from Russia’s alkaline soil, to make more and more of what we wanted.
After several rounds of UV & chemical mutagenesis we had a serendipitous mutation that micronized the C1 fungus, which meant it could be cultivated industrially with greater productivity, under lower viscosity to produce the desired C1 neutral cellulases at a very low cost.
How can the C1 gene expression platform disrupt the status quo in bio-manufacturing, and potentially help bring biologic vaccines and drugs to market faster at lower cost to drug developers?
The C1 microorganism, which enables the development and large-scale manufacture of low cost proteins, has the potential to be further developed into a safe and efficient expression system that may help speed up the development, lower production costs and improve the performance of biologic vaccines and drugs at flexible commercial scales. We have already demonstrated C1’s potential for use in helping to speed the development and lower the cost of biologic vaccines and drugs by demonstrating high productivity in several internal and externally funded research programs with many different types and classes of pharmaceutical proteins of interest to both animal and human pharmaceutical companies.
Has your C1 technology platform gained traction in the biotech industry after Dyadic sold its industrial enzyme business to DuPont for $75 million?
After selling our industrial enzyme business three years ago to DuPont for $75 million, we developed a newly focused strategy to apply the industrially proven C1 cell line for use in the animal and human health biopharmaceutical industries to lower the COGS and speed up drug development and manufacturing.
C1 has and continues to show great potential to manufacture biologic vaccines and drugs in larger amounts with less capital required and at lower costs than existing production systems.
Dyadic has co-exclusive rights to the C1 technology for use in human and animal pharmaceutical applications, with the exclusive ability to enter into current sub-license agreements. DuPont enjoys rights to utilize the C1 technology for use in pharma applications, but it will make royalty payments to Dyadic on commercialization.
One attraction of the biopharma industry towards C1 are its attributes over the existing platforms of ‘standard’ choice like, for example, the CHO cell lines.
We ended 2018 with nine funded proof-of-concept research collaborations and two new collaborations this year. It was another year of continued progress with many favorable milestones. We have a research collaboration with Mitsubishi Tanabe Pharma Corp where we have expressed and provided Mitsubishi with their protein of interest for further analysis which we hope will be moved into clinical trials and commercialized by Mitsubishi in the future. We also have an ongoing research collaboration with Sanofi-Aventis Deutschland GmbH, to explore the potential of our C1 technology to produce various types of therapeutic compounds for manufacturing protein-based vaccine and biologic drugs.
In 2018, the company also inked a proof of concept research collaboration to produce biologic vaccines for human and animal health with the Israel Institute of Biologic Research (IIBR), a top 20 pharmaceutical company and two top tier academic institutions, including the Structural Genomics Consortium, which is part of the University of Oxford and the Fraunhofer USA Center for Molecular Biotechnology.
We ended 2018 entering into another research collaboration with a top twenty biopharmaceutical company and we are continuing to gain momentum and awareness within both the animal health and human biopharmaceutical industry regarding the potential for our C1 gene expression platform to disrupt the status quo in manufacturing biologic vaccines and drugs.
How is the year going for Dyadic?
In the first quarter of 2019, we signed two new research collaboration agreements — both with top 25 drug companies. One of the world's largest vaccine makers, Serum Institute of India Private Limited will collaborate with Dyadic on up to 12 antibodies and vaccines (8 MABs and 4 rVaccines) using Dyadic's proprietary C1 gene expression platform. We also inked a sub-licensing agreement with Alphazyme LLC, a developer, manufacturer and global distributor of molecular biology enzymes.
We inked a worldwide sub-licensing pact with Luina Bio Pty Ltd, one of Australia's most experienced biopharma contract manufacturing organizations, for the development of targeted antigen, and biological products for pets. These programs demonstrate that the market and the industry are taking notice of Dyadic and the perceived capability of our C1 gene expression platform.
Our R&D revenue for the year ended December 31, 2018, increased to $1,295,000 compared to $758,000 for the previous year. These results demonstrate that our business development efforts are bearing fruit.
We had several corporate achievements which include:
Uplisting to NASDAQ and initiated trading on April 17 Form 10 effective on February 12, 2019 Two Sublicensing Agreements
Luina Bio/Novovet: with equity stake and royalties to use C1 to develop biologic vaccines and drugs for companion animals Alphazyme: with equity stake, milestone payments, and royalties upon the commercialization of C1 Serum Institute of India
esearch and commercialization collaboration to develop and manufacture up to 12 antibodies and vaccines using C1. Our business model is to apply C1 by sublicensing it as widely and broadly as we can to help bring more accessible and affordable cures and treatments for disease to patients globally.
dditionally, we continue to update the pharmaceutical industry on how and where our C1 technology may be used by them potentially even earlier in their discovery and development programs to help them overcome gene expression challenges they may be facing. We have been able to demonstrate expression levels of up to 1 milligram per 4 milliliter in microtiter wells.
We believe the yields of protein expressed that C1 offers in microtiter wells may provide pharma companies with sufficient quantities of protein to identify and characterize promising new vaccine and drug candidates using the same host production organism from discovery through manufacturing.
The pharma industry is beginning to recognize the potential productivity advantages of our C1 technology versus CHO, E.coli, baculovirus and yeast from the various classes and types of proteins which have been expressed from C1 to date. Our fully programmable C1 gene expression platform is robust, and flexible and has been used industrially for over two decades to produce products in some of the largest fermenters used in the biotechnology industry.
The industry is also encouraged by our progress on both the protein stability and glyco-engineering research that is ongoing. However, with proper government support and assistance we can all do a whole lot more a lot quicker.
Contact Uttara Choudhury at email@example.com
Follow her on Twitter: @UttaraProactive 888
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