Tag: Verenium

BASF to acquire Verenium for $51M

BASF to acquire Verenium for $51M

September 20, 2013 |

In California, Verenium announced it has entered into a definitive merger agreement with BASF Corporation, a leading chemicals company, under which BASF will commence a cash tender offer for all of the outstanding shares of Verenium’s common stock. This agreement has been unanimously approved by both Verenium’s and BASF’s Boards of Directors. Under the terms […]

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Novus and Verenium announce new animal feed enzyme

Novus and Verenium announce new animal feed enzyme

July 30, 2013 |

In Missouri, Novus International and Verenium Corporation announced the name of their new phytase enzyme product, CIBENZA PHYTAVERSE. This new phytase is specifically designed to unlock more of the hidden nutritional value in phytate for improved animal growth and well-being. The press release states that animal trial results have demonstrated the superior performance characteristics that […]

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Verenium set to announce new Deltazym® APS protease at FEW

Verenium set to announce new Deltazym® APS protease at FEW

May 28, 2013 |

In California, Verenium announced that the company will introduce Deltazym® APS protease for use in corn ethanol operations, at the upcoming 2013 International Fuel Ethanol Workshop (FEW) to be held June 10 – 13, 2013 in St. Louis, MO. Deltazym® APS protease is designed to enhance ethanol operations by improving yeast health for more efficient fermentations, […]

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Verenium signs $22.5 million secured debt with Athyrium

Verenium signs $22.5 million secured debt with Athyrium

December 12, 2012 |

In California, Verenium, an industrial biotechnology company focused on the development and commercialization of enzymes, announced the signing of a $22.5 million secured debt financing with the Athyrium Opportunities Fund. Net proceeds after estimated expenses will be approximately $21.3 million, providing Verenium with capital to continue to advance its Product Pipeline to commercialization, enhance its […]

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Verenium opens new office, laboratory building, fermentation pilot

Verenium opens new office, laboratory building, fermentation pilot

July 23, 2012 |

In California, Verenium Corp. and Alexandria Real Estate celebrated the grand opening of Verenium’s new office and laboratory building in the Torrey Pines area of San Diego. The new 60,000 square foot building includes state-of-the-art laboratories, office space designed to support employee creativity and a high-tech fermentation pilot plant for use in bioprocess development and […]

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Verenium sells Oilseed Processing business to DSM for $37M

Verenium sells Oilseed Processing business to DSM for $37M

March 29, 2012 |

In California, Verenium Corporation has sold to DSM its Oilseed Processing business, including Purifine PLC, and licensed granted DSM exclusive licenses to its alpha-amylase and xylanase enzyme products for use in the food and beverage markets. The two companies also entered into a supply agreement for Verenium to manufacture the Purifine PLC, alpha-amylase and xylanase products for […]

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Verenium revenues up 18%; company exploring sale

Verenium revenues up 18%; company exploring sale

March 6, 2012 |

In California, Verenium announced 2011 revenues of $61 million, an increase of 18 percent over 2010, with product gross margin of $21 million. CFO Jeffrey Black said “We continue to pursue a number of alternatives to raise capital to enable us to fund both the April put and our ongoing operations, and we are also […]

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Verenium, Tate & Lyle partner for new enzyme

Verenium, Tate & Lyle partner for new enzyme

February 1, 2012 |

In California, Verenium and Tate & Lyle have signed an agreement for the use of one of Verenium’s proprietary enzyme products in the development of novel food ingredients.  Under the terms of the agreement, Tate & Lyle receives a technology license with exclusivity assurances in the field of development. Verenium receives $1.5 million in near […]

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Verenium launches new enzyme for oil drilling operations

Verenium launches new enzyme for oil drilling operations

January 9, 2012 |

In California, Verenium announced the introduction of VEREFLOW alpha-amylase, a unique enzyme for the removal of filter cake in drilling operations. Effective over a wide temperature and pH range and with a safer environmental footprint compared to traditional chemicals often used in the process, Vereflow alpha-amylase provides the oilfield services industry greater operational flexibility. Verenium […]

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Verenium targets biodiesel with Purifine PLC enzyme

Verenium targets biodiesel with Purifine PLC enzyme

December 9, 2011 |

In California, Verenium announced that sales of its Purifine phospholipase C (PLC) enzyme product will now also be targeted for use in pretreatment of oil for biodiesel production.  Verenium’s Purifine PLC product is a groundbreaking enzyme designed to improve yields and overall economics of edible oil and biodiesel production. Verenium began marketing and selling Purifine […]

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