Amyris (AMRS) Enters New Funding Arrangement, Expanded Nutraceutical Collaboration
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Amyris Expands in Global Nutraceuticals Market with New Collaboration and Partner Funding of $30 Million
September 30, 2016 8:30 AM EDTEMERYVILLE, Calif., Sept. 30, 2016 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq: AMRS), the industrial bioscience company, today announced that it has expanded its strategic partnership with a global nutraceuticals market leader. The new agreement represents a significant expansion in expected revenue compared to the prior agreement announced on April 27, 2016, and includes the addition of a new nutraceutical target, a credit line of up to $25 million with a 5-year maturity, and an option for a $5-million strategic investment from one of the worlds leading nutraceuticals manufacturers.
Amyris has already started large shipments of... More
