Dyadic Pockets $12.6M in Private Stock Placement to Fund Tech Expansion

Nov 20, 2006

NEW YORK (GenomeWeb News) — Enzyme developer Dyadic International today said it has generated around $12.6 million in a private stock placement.

Dyadic said it will use roughly $12.3 million of the placement to expand its C1 Host Technology, which is used in the production of biomass production, and potentially in human antibody and therapeutic protein production.

The company also plans to use some funds to speed up the launch of new enzyme products, R&D and marketing.

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