DuPont signs definitive agreements to acquire Verdia Inc., a wholly owned subsidiary of Maxygen Inc., headquartered in Redwood City, Calif.DuPont signs definitive agreements to acquire Verdia Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Maxygen Inc., headquartered in Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. By purchasing Verdia, DuPont will have worldwide, royalty-free, exclusive rights to use Maxygen's MolecularBreeding[TM] directed evolution Directed evolution is a method used in protein engineering to harness the power of Darwinian selection to evolve proteins or RNA with desirable properties not found in nature. platform (gene shuffling) for agricultural applications across its Agriculture & Nutrition platform. DuPont plans to retain Verdia's name, its Bay-area offices and the Verdia leadership team. |
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