BioAmber and CELEXION Announce Exclusive Licensing Partnership

BioAmber, the market leader in biobased
succinic acid, has entered into an exclusive licensing agreement with CELEXION
LLC for technology related to the production of adipic acid and other chemical
intermediates. The current market for adipic acid is close to 3 million tons per
year, worth approximately $8 billion at current market prices. 

Over the past year, BioAmber has successfully applied its breakthrough succinic
acid purification process to adipic acid. Through the licensing deal with CELEXION, BioAmber will leverage its succinic know-how, infrastructure, partnerships and customer base to accelerate the development of biobased adipic acid.  BioAmber has also established a state of the art research and development facility in Plymouth, Minnesota with capabilities in molecular biology, fermentation and analytical  chemistry to support its adipic acid program.

“CELEXION’s technology is a perfect fit for the leadership we have developed in
commercializing biobased succinic acid,” said Jean-Francois Huc, CEO of BioAmber. “CELEXION’s highly attractive metabolic pathway, coupled with our novel purification process and scale-up capabilities, gives us a clear path to biobased adipic acid that, like our biobased succinic, is lower cost and has a better environmental footprint than the current petroleum route.” 

“Renewable chemicals such as biobased adipic acid will become critical building
blocks of the future economy.  Given BioAmber’s leadership position in succinic
acid and the natural extension of their assets to adipic acid, we are very pleased
to partner with BioAmber for commercialization of our adipic acid technology,”
said Dr. Brian M. Baynes, CEO of CELEXION.

About BioAmber
BioAmber is a US registered renewable chemistry company with an extensive IP
portfolio and know-how covering the  production, purification and use of
biobased succinic acid and derivatives including modified PBS, a biodegradable
polymer with superior heat resistance  and processability.  BioAmber has the
world’s first dedicated biobased succinic acid plant and has partnerships with

About CELEXION
CELEXION LLC is a bioengineering company that develops powerful platform
technologies and products for partners in the pharmaceutical, industrial,
agricultural, and life science research  sectors.  The company’s technologies
include the SECANT platform for engineering high performance protein
products, a billion-member library of human IgG antibodies for biotherapeutic
lead generation, enzymatic pathways for  synthesis of a variety of high-value
materials from wastes and other inexpensive precursors, a novel family of
enzymes for manipulation of chromosome-sized DNA, as well as a variety of
other tools.  The company is based in Cambridge, MA, USA and financed by
Flagship Ventures and GE Healthcare Financial Services.  For further information,
please visit our website at www.celexionbio.com.
CELEXION is a registered trademark and SECANT is a pending trademark
application of Celexion LLC

Source: http://www.bio-amber.com

Via: biopol.free.fr