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Genencor To Acquire Equity Position In ProdiGene

Genencor International, Rochester, N.Y., has announced plans to acquire an equity position in ProdiGene Inc., College Station, Texas. With this equity investment, the companies will combine ProdiGenes plant biotechnology with Genencors ability to develop enzymes and biochemicals with unique functionality.The companies have worked together to make proteins and performance materials for industrial applications since 1997.We are convinced that the combination of ProdiGenes leading position in the transgenic production of proteins in plants with Genencors strong industrial biotechnology position provides a powerful base for collaboration, said Wayne Pitcher, senior vice president of technology, Genencor International.

September 1999