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Amyris, Firmenich Enter Agreement for Product Development
Posted: November 11, 2010
Amyris, Inc. (Emeryville, California) announced it has entered into a collaboration and joint development agreement with Firmenich (Geneva). Under the agreement, Firmenich will fund technical development at Amyris to produce a sustainable and cost-effective source of a key ingredient for the fragrance and flavor market, and Amyris will manufacture and supply the product to Firmenich. Additionally, Firmenich will market and distribute the product, and the parties will share in the product’s derived economic value. The agreement between the parties also grants exclusive commercialization rights to Firmenich for the ingredient, which will be manufactured by Amyris. In addition, Firmenich has an option to collaborate with Amyris to develop a second ingredient.