College Station, Texas
October 23, 1997ProdiGene, Inc. and Genencor
International, Inc. announced today that they have entered into a strategic alliance
to develop industrial enzymes from transgenic plants.
The alliance combines ProdiGene's expertise in expressing recombinant proteins in
transgenic plants with Genencor's proprietary industrial enzyme technologies. ProdiGene
will receive funding from Genencor for research and additional consideration on new
product opportunities.
"We look forward to working with ProdiGene to develop and market new industrial
enzymes," says Dr. Karl Sanford, Vice President of Technology Development for
Genencor. "Both parties will benefit from the combination of ProdiGene's transgenic
plant expression system and Genencor's enzyme technologies and extensive marketing
network."
ProdiGene uses plants, such as corn, to manufacture a full array of active and complex
recombinant proteins efficiently and economically. Plant seeds can serve as storage
facilities and protein production scale-up is as simple as planting more seeds. The seeds
can be used as a delivery system, or the proteins can be extracted from them for use in
other ways. Overall, plants offer the least expensive source of crude proteins, one of the
basic reasons why raw material costs for recombinant proteins from plants are below the
cost of other production systems.
"We are very pleased to enter into this agreement with Genencor International, truly
a world leader in the industrial enzyme field. By applying ProdiGene's protein expression
technology with Genencor's strong manufacturing, marketing and distribution capabilities,
we will be introducing innovative recombinant products into the industrial ~ markets that
were not feasible to produce by traditional methods," said John A. Howard, president
and chief executive officer of ProdiGene, Inc.
Prodigene, headquartered in College Station, Texas, is a biotechnology company that
develops industrial and pharmaceutical proteins from plants. The company was the world's
first to successfully commercialize recombinant proteins from genetically engineered
plants. ProdiGene holds a series of patents and has the commercial expertise that provides
it with a leadership position in this exciting new field.
Genencor International, Inc., based in Rochester, New York, is one of the world's largest
developers and manufacturers of industrial enzymes. The company employs more than 1,000
people worldwide and operates state-of-the-art industrial biotechnology research,
development and manufacturing facilities in Europe, the Americas and the Asia Pacific
region.
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