Tranche Update on Dyadic International, Inc.'s Equity Buyback Plan announced on August 16, 2017.
August 13, 2019 at 04:24 pm EDT
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From April 1, 2019 to June 30, 2019, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 2,025,932 shares, representing 7.18% for $2.84 million under the buyback announced on August 16, 2017.
Dyadic International, Inc. is a biotechnology company focused on the large-scale manufacture of proteins for use in human and animal vaccines and therapeutics and for use in non-pharmaceutical applications including food, nutrition, and wellness. The Company's gene expression and protein production platforms are based on the highly productive and scalable fungus Thermothelomyces heterothallica (formerly Myceliophthora thermophila). Its lead technology, C1-cell protein production platform, is based on an industrially proven microorganism (named C1), which is used to speed development and improve performance of biologic vaccines and drugs at flexible commercial scales for the human and animal health markets. The Company has also developed the Dapibus filamentous fungal based microbial protein production platform to enable the rapid development and large-scale manufacture of low-cost proteins, metabolites, and other biologic products for use in non-pharmaceutical applications.