ATUM and ADM Extend Joint Development Agreement
Sep. 06, 2018
NEWARK, Calif.--(BUSINESS WIRE)--Sep 6, 2018--Bioengineering company ATUM announces today that it has extended its 2014 agreement with Archer Daniels Midland Company (NYSE: ADM) to apply ATUM’s proprietary bioengineering technology and gene engineering platform to ADM’s process technologies.
“We are extremely excited to continue working with global leader ADM,” said Claes Gustafsson, ATUM Chief Commercial Officer. “Our proprietary bioengineering technology has for years been validated through numerous scientific collaborations, peer-reviewed scientific publications and strong underlying IP. Our technology allows us to engineer any measurable biological function, such as activity, stability, immunogenicity, substrate specificity, manufacturability and more, using only a few hundred samples in real commercial endpoint application assays.”
“ADM is pleased to continue our work with ATUM to enhance and expand our R&D technology portfolio,” said Paul Bloom, Vice President for Process and Chemical Research, ADM. “We look forward to a productive collaboration in developing the most efficient technology for our processes in the shortest possible timeframe.”
ATUM, formerly DNA2.0, offers an integrated pipeline of tools including gene design, optimization and synthesis, expression vectors, and platforms for protein and strain engineering and production. ATUM exploits the dependence of biological activity on well-designed sequences. ATUM’s tools and solutions are fueling the transformation of biology from a discovery science to an engineering discipline. By collaborating with our clients, ATUM accelerates breakthroughs and moves research further faster. The company is privately held and is headquartered in Newark, California. For more information, please visit https://www.atum.bio.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 31,000 employees serving customers in more than 170 countries. With a global value chain that includes approximately 500 crop procurement locations, 270 ingredient manufacturing facilities, 44 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
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CONTACT: Archer Daniels Midland Company
Jackie Anderson, 312-634-8484
Lisa Lilienthal, 404-661-3679
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY HEALTH BIOTECHNOLOGY NATURAL RESOURCES AGRICULTURE
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PUB: 09/06/2018 12:00 PM/DISC: 09/06/2018 12:01 PM