Business
Burcon updates on Clarisoy(R) Activities
Burcon updates on Clarisoy(R) Activities
About this update from Burcon Nutrascience Corporation
[{"type":"text","content":"\n\n\n\n Jun. 28, 2010 (Canada NewsWire Group) -- Burcon NutraScience Corporation (TSX - BU) ("Burcon") is pleased to report on the latest business activities with respect to the commercialization of its CLARISOY(R) soy protein isolate.\nOver the past year, Burcon has undertaken numerous activities in the pursuit of establishing a strategic alliance for the commercialization of CLARISOY(R) soy protein isolate. Burcon entered into a number of additional materials transfer agreements ("MTAs") and non-disclosure agreements ("NDAs") with major food, beverage and pharmaceutical companies to enable Burcon to provide these companies with large quantity samples of CLARISOY(R) soy protein isolate for their evaluation. Burcon also entered into a series of MTAs and NDAs with some of the world's largest protein ingredient companies including major plant protein producers as well as dairy protein ingredient companies and others. These agreements were put in place to facilitate the evaluation of CLARISOY(R) soy protein isolate by potential strategic alliance partners.\nThe process of pursuing a strategic alliance partner or partners for the development of Burcon's CLARISOY(R) soy protein isolate has been focused on partnering for both the production of CLARISOY(R) as well as the marketing and sale of CLARISOY(R) to food and beverage manufacturers. Burcon has held discussions with a number of entities who have expressed an interest in partnering - in most cases exclusively - for the sale of Burcon's CLARISOY(R) soy protein isolate to food and beverage manufacturers and nutritional supplement companies. Certain parties have also expressed an interest in partnering for the production of Burcon's CLARISOY(R) soy protein isolate.\nAs a further part of this process of pursuing a strategic alliance partner, Burcon has entered into NDAs specifically to facilitate due diligence activities with certain companies including providing access to such items as Burcon's CLARISOY(R) patent filings as well as detailed scientific and engineering data.\nIn order to evaluate the various potential alternative alliance structures, Burcon engaged the engineering firm AECOM in the second quarter of fiscal 2010. AECOM is a global provider of professional engineering and management support services. In consultation with AECOM, Burcon compl...