BioAmber, Reverdia sign a non-assert agreement

By Reverdia | January 07, 2016

Reverdia has signed a non-assert agreement concerning its Biosuccinium technology with BioAmber Inc.  BioAmber Inc. and Reverdia are both involved in the production and commercialization of biobased succinic acid using their own unique proprietary yeast-based technologies.

Pursuant to the key provisions of this agreement, BioAmber will benefit from non-assertion covenants with respect to certain intellectual property rights of Reverdia in the field of biobased succinic acid, in exchange for undisclosed financial consideration. Furthermore, the agreement provides comfort to both BioAmber and Reverdia to continue the implementation of their respective businesses using their own unique, proprietary yeast-based technologies.

“In today’s increasingly complex intellectual property environment, the conclusion of this agreement illustrates how two proactive companies operating in the same field can find a constructive solution that allows them to focus on the execution of their respective business plans rather than seeking confrontation and conflict,” said JF Huc, CEo of BioAmber.  “It allows BioAmber to eliminate the risk of litigation and uncertainty at a predictable cost,” he added.

”This agreement demonstrates that Reverdia’s Biosuccinium low pH yeast technology is a leading technology in the field of biobased succinic acid and that by working with partners in the industry, we will speed up the adoption of biobased materials and validate biobased succinic acid as a key building block for the bio-based economy,” said Marcel Lubben, president of Reverdia.  “It is our belief that the yeast-based technologies have a significant competitive advantage over bacterial-based technologies for the production of biobased succinic acid,” he added.

Both Marcel Lubben and Jean-Francois Huc believe that the market for succinic acid will benefit from having strong players able to deliver on the rapidly growing demand in bio-plastics, polyurethanes, solvents, coatings and other applications.