Navigation Links
Verdezyne Awarded BioNexus Status By Malaysian Government
Date:9/24/2013

SAN FRANCISCO, Sept. 24, 2013 /PRNewswire/ -- Verdezyne, Inc., a privately-held industrial biotechnology company focused on producing renewable chemicals, has been awarded "BioNexus" status by Malaysian Biotechnology Corporation (BiotechCorp), it was announced today at the Biotechnology International Advisory Panel (BioIAP) meeting in San Francisco, California.  BiotechCorp is an agency under the purview of the Malaysian Ministry of Science, Technology and Innovation (MOSTI). As part of its collaboration with BiotechCorp, Verdezyne expects to open a bio-based chemical production facility in Malaysia, in which Verdezyne will make a significant investment.

BioNexus status is awarded to qualified companies undertaking value-added biotechnology and/or life sciences activities in Malaysia, and includes fiscal incentives, grants and other guarantees to assist growth. Verdezyne was awarded BioNexus status by the Prime Minister of  Malaysia, The Right Honourable Dato' Sri Mohd Najib Bin Tun Haji Abdul Razak at a special announcement ceremony during the BioIAP meeting.

"We are honored to receive BioNexus Status from Malaysian BiotechCorp," commented E. William Radany, PhD, President and CEO of Verdezyne. "This status confers a wide array of support and assistance which will accelerate our goal of beginning construction of our first plant to produce renewable chemicals from vegetable oil feedstocks."

About Verdezyne
Verdezyne is an industrial biotechnology company using proven and proprietary metabolic pathway engineering tools to develop unique yeast strains for cost-effective production of bio-based chemicals. Current investors in Verdezyne include BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. For more information, visit www.verdezyne.com.

 


'/>"/>
SOURCE Verdezyne, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related biology news :

1. CSHL is part of iPlant group awarded $50 million to create US biology cyberinfrastructure
2. FPC Awarded new Smartphone DW From Existing Prominent Asian OEM Customer for Launch With Leading US Operator
3. Grand Challenge grant awarded to team led by Nationwide Childrens researcher
4. 4 projects awarded Discovery Transformation Grant funding by Minnesota Partnership
5. Professor Vanessa Hayes awarded for exceptional Africa-related work
6. MIIR scientist awarded $293,000 NIH grant
7. HudsonAlpha awarded grant to improve diagnoses of childhood genetic disorders
8. LSUHSC researcher awarded NCI grant to study link between chronic inflammation and cancer
9. Kessler Foundation awarded more than $1.2 million in grants by the NJ Commission on Sci Research
10. Patent awarded today to NJIT for novel use of water jets to create high tensile strength alloy parts
11. Vijay Tiwari awarded the Bruno Speck Award 2013
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/9/2016)... Fla. , March 9, 2016  Crossmatch ... authentication and enrollment solutions, today announced the addition ... ® Altus multi-factor authentication platform. New ... InfoSec managers to step-up security where it,s needed ... Washington, DC . --> ...
(Date:3/3/2016)... MONTEREY, Calif. , March 3, 2016  FlexTech, ... in the categories of Innovation, Research & Development, Leadership ... Industry Leadership. This is the 9 th year ... select group of companies and individuals from past ... nominations based on a pre-described set of criteria, by ...
(Date:3/3/2016)... DE SOTO, Kansas , March 3, 2016 ... to offer Oncimmune,s Early CDT®-Lung, a blood test ... of lung cancer Early CDT®-Lung test to ... --> Early CDT®-Lung test to its clients ... Oncimmune, a leader in early cancer detection, today ...
Breaking Biology News(10 mins):
(Date:4/28/2016)... ... April 28, 2016 , ... ... for Connecticut's innovative, growing companies, today announced the launch of VentureClash , ... (fintech) companies. , “VentureClash looks to attract the best early-stage companies ...
(Date:4/27/2016)... ... April 27, 2016 , ... ... testing technology at the Spring 2016 Marijuana Business Conference and Expo. Shimadzu’s high-performance ... solvents, heavy metals, and more. Expo attendees can stop by booth 1021 to ...
(Date:4/27/2016)... (PRWEB) , ... April 27, 2016 , ... ... (d/b/a Biohaven) is pleased to announce the appointment of John Tilton as Chief Commercial ... Executive Director and one of the founding commercial leaders responsible for the commercialization ...
(Date:4/27/2016)... ... April 27, 2016 , ... Global Stem Cells Group and ... Symposium as other research and development initiatives for potential stem cell protocol management for ... Stem Cells Group executives began meeting to establish a working agenda and foster initiatives ...
Breaking Biology Technology: