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Business

Tate & Lyle Invests In Marine Biotech

July 30, 2007 | A version of this story appeared in Volume 85, Issue 31
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Credit: Aquapharm

Tate & Lyle Ventures, a fund of the food and industrial ingredients manufacturer, is a member of a consortium investing in Aquapharm Biodiscovery, a Scottish firm developing natural products from marine microbes found off the U.K. coastline. Other firms contributing to the $8.2 million investment include Aescap Venture, Scottish Enterprise, Nesta Investments, and Argyll & the Islands Enterprise. Aquapharm says it has developed a range of new chemical entities, including antibiotics, biocatalytic enzymes, and cosmeceutical compounds, from marine microorganisms.

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