Amyris (AMRS) Enters MOU with Food Ingredients and Nutraceuticals Partner; Will Receive Investment
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Amyris Agrees to Collaboration Terms with Leading Global Food Ingredients and Nutraceuticals Partner
October 13, 2016 8:30 AM EDTEMERYVILLE, Calif., Oct. 13, 2016 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq: AMRS), the industrial bioscience company, today announced that it has executed a Memorandum of Understanding for a transformative strategic collaboration with a partner that is a leader in food ingredients and nutraceuticals. Upon required approval and execution of definitive agreements with this new partner, Amyris expects to receive cash representing a short-term collaboration investment of $10 million, an equity investment of up to $20 million at $1.40 per share, $100 million in annual revenue starting in 2017 connected to the production and cost improvement of fermentation molecules, and participation... More
