Business
Dyadic Announces New Collaboration with Leading Animal Health Company
JUPITER, FL / ACCESSWIRE / October 28, 2019 / Dyadic International, Inc. ("Dyadic" or the "Company") (NASDAQ:DYAI), a global platform biotechnology company,
About this update from Dyadic International, Inc.
[{"type":"text","content":"JUPITER, FL / ACCESSWIRE / October 28, 2019 / Dyadic International, Inc. (\"Dyadic\" or the \"Company\") (NASDAQ:DYAI), a global platform biotechnology company, announced today that it has entered into a fully funded collaboration with one of the leading animal health companies to demonstrate the C1 technology for expression and production of therapeutic proteins for companion and farm animal health diseases.Under the terms of the agreement, Dyadic will apply its proprietary and patented C1 gene expression platform to express three different types of proteins to be evaluated by our collaborator for its potential use in their research and commercial projects.\"We are excited to announce an additional animal health-related research agreement which we anticipate will further demonstrate the potential of our C1 technology platform to help speed the development, lower the cost and improve the performance of biologic vaccines and drugs for both farm and companion animals. There is a growing market demand among animal health companies to find a faster and more efficient gene expression technology platform. We believe that C1 may be ideally suited to fill this gap and we are starting to see increasing interest from both our previously announced collaborators as well as other bio-pharmaceutical companies involved in the animal health sector,\" commented Matthew Jones, Dyadic's Chief Commercial Officer.\"Today's announcement further evidences the broad applications of our C1 technology platform for both human and animal health needs. This collaboration in the animal health markets reinforces our momentum in another high growth sector, companion and farm animal health. The regulatory pathway in animal health, compared to human trials for biologics approvals, is much shorter with the cost of goods being a much more critical issue. We believe that our C1 technology platform uniquely addresses these issues and provides us with another potential catalyst for growth,\" said CEO Mark Emalfarb.About Dyadic InternationalDyadic 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, named C1. The C1 microorganism, which enables the development and large scale manufacture of low-cost proteins...