Willow, Kalsec Advance Development Program for New Natural Functional Ingredient for Savory Foods
Program further validates Willow’s technology and focus on commercial execution and aligns with its strategic focus on near term revenue generation
Willow Biosciences Inc., a biotechnology company focused on revolutionizing industrial manufacturing of pure, consistent and sustainable functional ingredients, and Kalsec® Inc., a global producer of natural taste and sensory, food protection, colors and advanced hops ingredients for the food and beverage industry, announce they are advancing a functional ingredient development program for a large volume savory foods opportunity.
After a successful phase one feasibility program that applied Willow’s BioOxiTM platform exceeded expectations, Kalsec has agreed to continue full development toward commercialization that includes additional R&D and scale-up work. Willow expects to continue generating revenue from research fees and milestones, aligning with its strategic focus on near-term revenue generation on programs bringing commercial revenue in reasonable timeframes, with anticipated ongoing negotiation of commercial terms as the program advances
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
