New Delhi, March 30, 2020: Dyadic International, Inc. (“Dyadic” or the “Company”) (NASDAQ:DYAI), a global biotechnology company focused on further improving and applying its proprietary C1 gene expression platform to accelerate development, lower production costs and improve the performance of biologic vaccines, drugs, and other biologic products, at flexible commercial scales, today announced that it has entered into a nonexclusive research collaboration with WuXi Biologics, a leading global open-access biologics technology platform company and Contract Development and Manufacturing Organization (CDMO).
Under the terms of the research license agreement, Dyadic will grant WuXi Biologics restricted access to its proprietary and patented C1 gene expression platform and allow WuXi Biologics to evaluate the C1 technology in a cGMP facility and to perform certain experiments to the C1 cell lines for any other internal noncommercial purpose. WuXi Biologics, one of the global top ten CDMOs, which provides development and manufacturing services to pharmaceutical and biotechnology companies globally, will invest its own resources to evaluate the C1 platform for their customers worldwide.
“We are excited to announce this agreement with one of the world’s most prestigious CDMOs. As highlighted by the current coronavirus vaccine and drug situation, there appears to be a growing market demand to find a faster and more efficient gene expression technology platform for vaccine and drug development and manufacturing. We believe that our C1 technology may be ideally suited to help fill this gap for many types of biologic vaccines and drugs and we are continuing to see interest from both our previously announced collaborators as well as other global bio-pharmaceutical companies and governmental agencies,” commented Matthew Jones, Dyadic’s Managing Director, Business Development and Licensing.
“We believe that today’s announcement further highlights the diverse and growing opportunities for Dyadic to leverage its C1 technology platform to begin to help address the cost of goods issues associated with vaccine and drug development and manufacturing as well as to help overcome gene expression challenges that have either been shelved or stalled in R&D. The agreement with WuXi Biologics has the potential to further expand our global footprint and provide another potential catalyst for growth,” said Mark Emalfarb, CEO of Dyadic.
“Over the past decade, microbial fermentation has reached a higher level of sophistication, with wider adoption in the biopharmaceutical industry and we are excited to expand our technology platforms into this promising area, utilizing our extensive know-how in biologics discovery, development and manufacturing,” said Dr. Chris Chen, CEO of WuXi Biologics. “We have been exploring the right time to work with Dyadic in the hopes of further speeding the adoption and use of their industrially proven C1 gene expression platform. With our decision to expand our technology platforms and CDMO service offerings to include microbial fermentation, coupled with the significant improvements Dyadic has and continues to make to its C1 technology platform, it now seems like the appropriate time to evaluate C1 at WuXi Biologics where it may be better suited to speed the development, lower the cost and improve the performance of a number of biologic vaccines and drugs for our customers.”
Corporate Comm India (CCI Newswire)
