Welcome to our dedicated page for Dyadic International news (Ticker: DYAI), a resource for investors and traders seeking the latest updates and insights on Dyadic International stock.
Dyadic International, Inc. (OTCQX: DYAI) is a global biotechnology company renowned for its pioneering work in gene expression systems. The company has developed the C1 Expression System, a patented and proprietary technology utilizing the Thermothelomyces heterothallica fungus, which has set new standards in the production of commercial quantities of industrial enzymes and other proteins. This innovative platform is licensed to industry giants like Abengoa Bioenergy, BASF, and Codexis for various non-pharmaceutical applications.
Core Business
Dyadic's core business revolves around the advancement and application of the C1 Expression System. This platform is instrumental in producing biologic vaccines and drugs at a faster rate, in larger volumes, and at a lower cost, thereby making healthcare more accessible and affordable. By enhancing protein production capabilities, Dyadic aims to meet the growing demands of drug developers and manufacturers, ultimately improving patient care and saving lives.
Recent Achievements and Current Projects
Dyadic has made significant strides in the biotechnology sector. The company has successfully showcased the efficiency of the C1 Expression System in various industrial applications. Currently, Dyadic is focusing on expanding its influence in the pharmaceutical sector, aiming to leverage C1's potential for large-scale production of human and animal vaccines and therapeutics.
Financial Condition
With a solid financial foundation, Dyadic continues to invest in research and development, ensuring the continuous improvement of its gene expression technology. The company's partnerships and licensing agreements with major industry players underscore its financial stability and growth potential.
Partnerships and Collaborations
Dyadic's collaborative efforts with companies like Abengoa Bioenergy, BASF, and Codexis highlight its pivotal role in the biotechnology landscape. These partnerships enable Dyadic to expand the application of the C1 Expression System beyond pharmaceuticals, touching sectors such as food, nutrition, and wellness.
Products and Services
Dyadic's primary product, the C1 Expression System, is a game-changer in gene expression and protein production. The company is dedicated to advancing this technology to meet the evolving needs of the biopharmaceutical industry, ensuring more efficient and cost-effective production processes.
Contact Information
For further information, inquiries can be directed to Ping W. Rawson, Chief Financial Officer, at (561) 743-8333 or via email at ir@dyadic.com.
Dyadic International (NASDAQ: DYAI) announced substantial developments, including a collaboration with Janssen for therapeutic proteins, securing a $690,000 NIIMBL grant, and a license agreement with Phibro Animal Health for vaccines. The company anticipates advancing its DYAI-100 COVID-19 vaccine toward human trials. Financial highlights reveal a 50% increase in R&D revenue to $2.4 million for 2021, although the net loss rose to approximately $13.1 million. Cash and investments stood at $20.4 million, down from $29.2 million in 2020.
Dyadic International, a biotechnology firm (NASDAQ: DYAI), announced it will report its 2021 financial results and host a corporate update conference call on March 29, 2022. The company is focused on its proprietary C1-cell protein platform, which aims to lower production costs and enhance biologic vaccine and drug development. The conference will be accessible via dial-in or webcast, providing shareholders an opportunity to stay informed about the company's operations and future prospects.
Dyadic International and Phibro Animal Health have entered an exclusive license agreement to utilize Dyadic's C1-cell protein production platform for developing a poultry vaccine targeting a specific disease. This partnership follows successful proof of concept animal trials. The agreement allows Phibro to produce targeted antigens for vaccine commercialization. Both companies plan to continue their collaboration to develop additional animal vaccine candidates, thereby enhancing the efficiency of vaccine production.
Dyadic International (NASDAQ: DYAI), a global biotechnology company, announced that CEO Mark Emalfarb will present at the 2022 BIO CEO & Investor Conference on February 14-15, 2022. His presentation, titled “Revolutionary C1 Protein Production Platform”, focuses on improving vaccine and therapeutic access through innovative technology. The presentation will be available on demand during the conference. Dyadic aims to leverage its proprietary C1-cell protein production platform to enhance biologic vaccines and drugs, making them more affordable and accessible.
Dyadic International (NASDAQ: DYAI) has engineered its C1-cells to produce therapeutically viable cannabis compounds, including cannabidiol (CBD), enhancing production efficiency. This innovative approach could lower costs and improve product purity compared to traditional extraction from Cannabis sativa. The company emphasizes environmental benefits and potential medical applications of cannabinoids, such as therapeutic effects on inflammation and viral infections like coronavirus. Dyadic aims to leverage this technology as part of a broader strategic plan focusing on human and animal health.
Dyadic International, Inc. (NASDAQ: DYAI) has been awarded a project grant of up to $690,000 from the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) through the American Rescue Plan. This funding aims to enhance Dyadic's proprietary C1 thermophilic fungal protein production platform to develop antibodies. The project will benchmark the platform's speed compared to traditional methods, aiming to improve public health responses to future pandemics.
Dyadic International (NASDAQ: DYAI) announced a strategic collaboration with Janssen Biotech to utilize its C1-cell protein production platform. Janssen will pay Dyadic an upfront fee of $500,000 and provide up to €1.6 million for R&D. The agreement includes potential mid-seven figure payments for exclusive licenses and additional milestone payments based on product development. This partnership aims to enhance therapeutic protein development, showcasing Dyadic's expanding role in biopharmaceuticals.
Dyadic International (NASDAQ: DYAI) advances its COVID-19 vaccine candidate, DYAI-100, towards first-in-human trials. The company reported $22.8 million in cash as of September 30, 2021, down from $29.2 million at year-end 2020. R&D revenue rose to $693,000, while R&D expenses surged to $1.9 million for Q3 2021, driven by the clinical trial costs for DYAI-100. Dyadic has also engaged in new R&D collaborations and enhanced its leadership team with the appointment of Joseph Hazelton as Chief Business Officer. The net loss narrowed to $1.7 million, or $(0.06) per share.
Dyadic International has appointed Joe Hazelton as Chief Business Officer, effective immediately, to enhance global commercialization of its C1-cell protein production platform. This strategic move aims to support new and existing business initiatives, including corporate strategy and licensing. Mr. Hazelton, with over 20 years in the pharmaceutical industry, will lead efforts to maximize the integration of the C1 technology across various sectors, targeting the expanding biologic markets and animal health segments.
Dyadic International will report its Q3 2021 financial results on November 10, 2021. The company focuses on its proprietary C1-cell protein production platform aimed at enhancing biologic vaccine and drug development. This platform is designed to lower production costs and improve performance. Investors can join a conference call at 5:00 PM ET to discuss these results and the company's future outlook. The C1 technology utilizes the fungus Thermothelomyces heterothallica to produce low-cost proteins efficiently.
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