Marine Products R&D Pact Is Established | Chemical & Engineering News
Volume 86 Issue 32 | p. 21 | Concentrates
Issue Date: August 11, 2008

Marine Products R&D Pact Is Established

Department: Business

British specialty chemical producer Croda has formed a three-year R&D collaboration with Aquapharm Biodiscovery, a Scottish marine biotechnology company. The deal will provide Croda with an exclusive license to novel marine-derived natural products identified from Aquapharm's microbial library. Potential markets for the products include skin and hair care. Aquapharm will receive research funding from Croda as well as milestone payments and royalties on any commercialized products.

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