Dyadic International (NASDAQ: DYAI), a global leader in cell culture solutions, announced a strategic partnership with Proliant Health and Biologicals (PHB), a leading supplier of purified proteins for the nutrition, diagnostics, and cell culture sectors. Under the agreement, Proliant will provide Dyadic with $1.5 million upfront to develop high-volume, cost-effective cell culture products. The product is set to debut in the first half of 2025 in the $6 billion serum albumin market.
These animal-free recombinant albumin products will be developed using Dyadic International's advanced filamentous fungal microbial platforms. Dyadic will also receive a profit share from PHB's sales of these products. Part of the initial milestone payment will fund commercialization efforts and technology transfer. The partnership will initially focus on launching recombinant human serum albumin products.
Proliant Health and Biologicals, the world's leading manufacturer of animal-derived proteins, specializes in producing animal extracts and multiple grades of "Fraction V" bovine serum albumin (BSA). Renowned for its unmatched consistency, traceability, and quality, Proliant is the preferred BSA supplier for industries such as in-vitro diagnostics, vaccine production, biopharmaceutical and medical device manufacturing, nutraceuticals, and life science research.
In the June 28, 2024, news release, Dyadic International management expressed enthusiasm about the partnership with Proliant Health and Biologicals (PHB) for producing bovine serum albumin and other cell culture products. This collaboration highlights Dyadic's strategic move to commercialize products and generate revenue in the alternative protein market in the near future.
Dyadic International's protein product technology, combined with Proliant Health and Biologicals' (PHB) strong market position, presents a significant opportunity to co-produce high-quality, cost-effective products at scale. PHB's management noted a surge in demand for alternative protein sources in the life sciences and diagnostics industries in recent years. This partnership enables PHB to expand its product portfolio to include animal-free proteins and gain access to technology with unlimited innovation potential.
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