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Evolva Holding SA has revealed that its collaboration with International Flavors & Fragrances Inc. (IFF), announced in May 2012 and targeted at an undisclosed flavoring ingredient, will be discontinued in early 2014.
Evolva is considering continuing work on the ingredient on its own account. The two parties are discussing potential additional collaboration areas. According to Evolva, there is no impact on the company's collaboration with IFF on vanillin. There is no change to Evolva’s financial guidance for 2013.