EMERYVILLE, Calif.--(BUSINESS WIRE)--Amyris, Inc. (NASDAQ: AMRS) announced today that it has entered into a collaboration and joint development agreement with Firmenich, the largest privately-owned fragrance and flavor company, based in Geneva, Switzerland. This is the first agreement for Amyris in the fragrance and flavor industry and provides an opportunity to add higher-value ingredients to our expanding product portfolio. Under the agreement, Firmenich will fund technical development at Amyris to produce a sustainable, cost-effective and reliable source of a key ingredient for the fragrance and flavor market. Under the agreement, Amyris will manufacture and supply product to Firmenich, Firmenich will market and distribute the product, and the parties will share in the economic value derived. The agreement between the parties also grants worldwide exclusive commercialization rights in fragrance and flavor to Firmenich for the ingredient, which will be manufactured by Amyris. In addition, Firmenich has an option to collaborate with Amyris to develop a second ingredient.
