Business
BURCON PROVIDES UPDATE ON CANOLA LICENSE & DEVELOPMENT AGREEMENT
Mar. 4, 2011 (Canada NewsWire Group) -- VANCOUVER, March 4 /CNW/ - Burcon NutraScience Corpor...
About this update from Burcon Nutrascience Corporation
[{"type":"text","content":"\n\n\n Mar. 4, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, March 4 /CNW/ - Burcon NutraScience Corporation (TSX: BU)\n announced today that the company has amended the license and\n development agreement between Burcon, Burcon NutraScience (MB) Corp.\n and Archer Daniels Midland Company ("ADM") to provide an extended\n development period for continued research aimed at expanding the\n commercial value of Puratein® and Supertein™.\n\n\nBurcon and ADM have agreed to an amendment of the license and\n development agreement to effectively provide a one-year extension to\n March 1, 2012, to facilitate continued research. \n\n\nBurcon's main research objective during the one-year term of this\n amendment is to further the commercialization potential of Burcon's\n canola protein products Puratein and Supertein, particularly with\n respect to their unique functional and nutritional characteristics.  As\n such, Burcon will conduct research aimed at refining its canola\n extraction and purification technologies, develop new technologies as\n well as specialized canola protein products.  The amendment\n contemplates that Burcon may, at its sole discretion and expense,\n engage a third party research organization to conduct a joint research\n study, including human clinical feeding trials, designed to investigate\n Supertein's potential as a functional food ingredient.  In particular,\n the research would seek to develop evidence of S...