Dyadic sells industrial technology business to DuPont

Following the deal, Dyadic intends to focus exclusively on its biopharmaceutical business

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BS B2B Bureau Jupiter, Florida (USA)
Last Updated : Jan 04 2016 | 5:25 PM IST
Dyadic International Inc, a global biotechnology company, has announced that it has closed the previously announced sale of substantially all of the assets of its industrial technology business to DuPont’s industrial biosciences business for $75 million in cash. As previously announced, following the closing, Dyadic intends to focus exclusively on its biopharmaceutical business.
 
Dyadic International uses patented, licensed and proprietary technologies to conduct research, development and commercial activities for the development and manufacturing of human and animal vaccines, monoclonal antibodies, biosimilars and/or biobetters, and other therapeutic proteins.
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First Published: Jan 01 2016 | 5:23 PM IST

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