Athenix Expands Soybean Collaboration with Mertec, LLC.Business Editors/Health/Medical 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. 19, 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 major expansion of its strategic collaboration with Mertec, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading breeder and supplier of soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been seed. The two companies will bring newly developed traits from Athenix to the market in soybean varieties developed by Mertec. The expanded 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. Mertec will market the co-developed soybean varieties using their strong industry channels. Financial terms were not disclosed. "We are very pleased to expand our collaboration with Mertec, an industry-leading seed company, and to have access to their outstanding soybean varieties," 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 Mertec's excellent germplasm with our innovative, breakthrough traits will provide growers with soybean varieties that have superior yield and quality." "Athenix is focused on products and the partnership with Mertec is an essential element of our business strategy to gain broad market access in key crops," added Gregory Lewis, Vice President of Business Development for Athenix. "This collaboration leads to a significant competitive advantage in creating commercially valuable soybean varieties." Joseph Merschman, Mertec's President, said: "We are excited about partnering with Athenix. This collaboration strengthens our ability to deliver innovative products to our dealers and farmer 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 Mertec, LLC Mertec, LLC, based in West Point, Iowa West Point is a city in Lee County, Iowa, United States. The population was 980 at the 2000 census. Geography West Point is located at (40.717249, -91.451672)GR1. , is a leading breeder and developer of soybean germplasm for the seed trade. Mertec has an extensive line-up of soybean germplasm for the maturities in the United States. Mertec has entered into strategic relationships with biotech and life science companies to deliver the latest traits and technologies to farmer growers in Mertec's high yielding soybean germplasm. |
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