Athenix Announces Corn Collaboration with Eden Enterprise, Inc.Business Editors/High-Tech Writers RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--Nov. 6, 2003 Athenix Corp., a leading biotechnology company developing high-value, bio-industrial products for the Agricultural and Chemical Industries using genetic traits from microbes, announced a strategic collaboration with Eden Enterprise, Inc., a leading breeder breeder 1. a person with an animal enterprise involving the multiplication of the herd, flock or group. 2. a female animal used basically for the production of saleable young. and supplier of corn seed. The two companies will bring newly developed traits from Athenix to the market in corn hybrids developed by Eden. The broad collaboration includes product development and registration. In addition, Athenix will receive multi-year research funding Research funding is a term generally covering any funding for scientific research, in the areas of both "hard" science and technology and social science. The term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and and substantial downstream value share. Eden will market the co-developed corn hybrids using their established industry channels. Financial terms were not disclosed. "We are very pleased to work with Eden Enterprise and to have access to their outstanding corn lines," said Mike Koziel, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Athenix. "The combination of Eden's excellent germplasm with our innovative traits will provide growers with corn hybrids that have superior yield and quality." "We are focused on products and the partnership with Eden is an essential component of our business strategy to gain market access in key crops," added Gregory Lewis, Vice President of Business Development for Athenix. "This partnership leads to a significant competitive advantage in creating commercially valuable corn seed." Harry Stine, President of Eden Enterprise, said: "We are excited about our new partnership with Athenix. We are certain that this collaboration will further strengthen our ability to deliver innovative products to our customers." About Athenix Corp. Athenix is a leading biotechnology company developing innovative, high-value, bio-industrial products for the Agricultural and Chemical businesses using genetic traits from microbes. These traits are used to develop enhanced plants, microbes, enzymes, and processes for a variety of industry sectors. Athenix is focused on two major market opportunities: 1) the discovery of genes and proteins for novel input traits (such as insect resistance, nematode nematode or roundworm Any of more than 15,000 named and many more unnamed species of worms in the class Nematoda (phylum Aschelminthes). Nematodes include plant and animal parasites and free-living forms found in soil, freshwater, saltwater, and even vinegar resistance and herbicide herbicide (hr`bəsīd'), chemical compound that kills plants or inhibits their normal growth. A herbicide in a particular formulation and application can be described as selective or nonselective. tolerance), and their use to develop transgenic plants for the Agricultural Chemical and Seed Industries; and 2) the discovery of genes and proteins for improved bioconversion bi·o·con·ver·sion n. The conversion of organic materials, such as plant or animal waste, into usable products or energy sources by biological processes or agents, such as certain microorganisms. in the Chemical, Alternative Energy and Animal Feed Industries. For more information about Athenix, visit www.athenixcorp.com About Eden Enterprise, Inc. Eden Enterprise, Inc, located near Adel, Iowa Adel is a city along the North Raccoon River in Dallas County in the U.S. state of Iowa. The population was 3,435 at the 2000 census. It is the county seat of Dallas CountyGR6 and the birthplace of 1939 Heisman Trophy winner Nile Kinnick. , is a research and development company specializing in hybrid corn, and is a leading supplier of genetics to the seed industry. |
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