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Dyadic International, Inc. d/b/a Dyadic Applied BioSolutions reports developments tied to its biotechnology platforms for producing precision-engineered recombinant proteins and enzymes. The company uses proprietary microbial expression systems, including C1 and Dapibus, to serve life sciences, food and nutrition, and industrial biotechnology applications through product sales, licensing, and partner commercialization.
Recurring news includes financial results, corporate update calls, commercial launches, distribution agreements, and development collaborations. Company updates have covered recombinant human albumin, animal-origin-free recombinant DNase I, transferrin, bovine alpha-lactalbumin, non-animal dairy enzymes, and broader portfolios for cell culture, molecular biology, nutrition, and bioindustrial markets.
Dyadic International, Inc. (NASDAQ: DYAI) announced that its licensee, Epygen Biotech, received funding from India's Department of Biotechnology to support Phase 1 and 2 clinical trials of a COVID-19 vaccine using Dyadic's C1 protein production platform. Epygen aims to develop a low-cost vaccine, anticipated to be priced around $2 per dose, targeting the production of 100 million doses annually. Additionally, Epygen plans to raise $26 million for Phase 3 trials to enhance production capacity and expedite vaccine availability.
Dyadic International, Inc. (NASDAQ: DYAI), a global biotechnology company, announced its participation in key scientific meetings in April 2022. The company will present its proprietary C1-cell protein production platform aimed at enhancing biologic vaccine and drug development during the Microbial Engineering II conference in Portugal and the World Vaccine Congress in Washington, DC. Presentations will cover topics including therapeutic protein production and innovative vaccine manufacturing solutions, showcasing how C1 can reduce costs and improve efficiency in biopharmaceuticals.
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.