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Athenix Corporation announces corn collaboration with Eden Enterprise, Inc.
Research Triangle Park, North Carolina
November 6, 2003

Athenix Corporation, 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 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 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 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."

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 resistance and herbicide 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 in the Chemical, Alternative Energy and Animal Feed Industries.

Eden Enterprise, Inc, located near Adel, Iowa, 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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