JUPITER, Fla., March 29, 2016 (GLOBE NEWSWIRE) -- Dyadic International, Inc. (“Dyadic”) (OTCQX:DYAI), a global biotechnology company focused on further improving and leveraging its patented and proprietary C1 expression system technology to help speed up the development and production of biologic drugs at flexible commercial scales, today announced financial results for the year ended December 31, 2015.
“2015 has truly been a transformational year for Dyadic and I am very excited about our future prospects,” said Mark Emalfarb, chief executive officer of Dyadic. Mr. Emalfarb further commented, “As we enter 2016, we are debt free and we have a strong cash position with sufficient cash reserves to fund our previously announced $15 million share repurchase program. In addition, I believe we are uniquely positioned to build shareholder value by leveraging our C1 technology in the pharmaceutical sector.”
