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news.Direvo Biotech has announced the incorporation of a fully owned subsidiary named Direvo Industrial Biotechnology.
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The new company was formed to spin-out Direvo’s industrial biotechnology business unit established at the beginning of 2007 and the recently acquired AC Biotec. The new company is expected to focus on food & feed and biorefinery markets and provide solutions through discovery, development and scale up of enzymes and strains.
The company will be led by Anindya Mukherjee, who joined Direvo from DSM in the year 2007, and Hans-Gunter Brunker, who joined Direvo from Amaxa beginning of the year 2008. Additional members of the senior management team are Henrik Moellgaard as head of R&D, who joined from Christian Hansen in 2007, and Simon Curvers, managing director of AC Biotec, which was acquired in 2007.
The company will start its operations with a total of 17 full-time employees and will seek new investors for building up its infrastructure as well as to secure long-term growth.
Thomas von Ruden, CEO of Direvo Biotech, said: “This is an important milestone in DIREVO’s history, because it maximizes our long-term growth potential by improving the chances for the successful development of both Direvo Industrial Biotechnology and Direvo Biotech. This allows the two companies to focus on their respective core businesses.”