Issue Date: April 11, 2011
Evolva Buys Stevia Research Partner
Switzerland’s Evolva Holding will acquire its San Francisco-based research partner, Abunda Nutrition, for $41 million in stock plus an additional $20 million in stock if certain milestones are achieved. The two have developed a yeast-fermentation-derived stevia sweetener. Stevia that is now on the market is extracted from the Stevia rebaudiana plant. Up to 300 times sweeter than sugar, stevia is sold as a zero-calorie alternative to sugar, corn syrup, and other high-glycemic-index sweeteners.
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