Amyris, Inc. Explained

Amyris, Inc.
Type:Public
Traded As:
NASDAQ:
Location:Emeryville, California, U.S.
Industry:Renewable fuels, antimalarials, renewable chemicals, renewable products
Revenue: $152.6 million (FY 2019)[1]
Num Employees:595 (2021)[2]
Brands:Biossance, Pipette, Purecane, Costa Brazil, EcoFabulous, Rose Inc, Terasana, JVN and OLIKA.
Subsid:Amyris Fuels

Amyris, Inc. is a synthetic biotechnology and renewable chemical company headquartered in Emeryville, California. Amyris serves the specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals markets.[3]

History

Amyris was founded in 2003.[4] The company owns three brands, Biossance and Pipette, for beauty and skincare, and Purecane, a sugar substitute. The company went public on NASDAQ on September 28, 2010 (AMRS).[5]

In November 2011, Amyris acquired Lansing, Michigan-based renewable chemicals and products company, Draths Corporation, for $7 million in stock.[6] ATEL Capital Group acquired a stake in Amyris in December 2011.[7] In January 2016, the company received an investment from the Bill & Melinda Gates Foundation's Strategic Innovation Fund to support the development of antimalarial medication based on semi-synthetic artemisinin.[8] In April 2019, the company raised $34-million in private placement of its common stock and warrants. The funding round was led by Foris Ventures and Dr. Wei-wu He, General Partner of Emerging Technology Partners, LLC, a life sciences-focused venture fund.[9]

Biossance, the skincare brand from Amyris, was recognized as Digital Innovator of the Year at the WWD Beauty Inc Awards in 2019.[10]

In 2020, Amyris received Bonsucro's Chain of Custody Certification, ensuring that the sustainability claims along the sugarcane supply chain are traceable from farmer to end user.[11] During the COVID-19 pandemic, the company collaborated with the Infectious Disease Research Institute (IDRI) to advance a novel ribonucleic acid (RNA) vaccine platform, including accelerating the development of a COVID-19 vaccine.[12]

On August 9, 2023, Amyris filed for Chapter 11 bankruptcy protection and announced it will shut down its consumer brands amongst selling itself.[13] The company was delisted from Nasdaq and added to the OTC Markets.

External links

Notes and References

  1. Web site: Amyris Annual Report - SEC filings .
  2. Web site: Amyris profile .
  3. News: Amyris Inc - Company Profile . Bloomberg.com . en.
  4. Web site: Brodwin . Erin . After a kick-start from Bill Gates, a Silicon Valley company aims to be the 'Intel Inside' of the $200 billion sweetener and skincare market . 2023-03-21 . Business Insider . en-US.
  5. Web site: Amyris, Inc. Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell. 2020-06-30. www.nasdaq.com. en.
  6. News: Riddell . Lindsay . Amyris buys chemicals-maker Draths . . November 16, 2011.
  7. Web site: Hilleman . Jeryl . Choksi . Paritosh K. . 2011-12-23 . Amyris 2011 10-K Ex 4.07 Warrant to Atel . live . https://archive.today/20231224203402/https://www.sec.gov/Archives/edgar/data/1365916/000136591612000014/exh406warranttopurchasesto.htm . 2023-12-24 . 2023-12-24 . Securities and Exchange Commission.
  8. Web site: Amyris . live . https://web.archive.org/web/20231224201143/https://sif.gatesfoundation.org/investments/amyris/ . 2023-12-24 . 2023-12-24 . . en-US.
  9. News: Coons . Rebecca . Amyris raises $34 million as it pursues skin care, sweeteners, and CBD Nuu . Biofuels Digest . Nuu Media . April 29, 2019.
  10. News: Writer . WWD Beauty Inc Names Biossance Brand Digital Innovator Of The Year . markets.businessinsider.com . December 17, 2019 . en-us.
  11. News: Staff . Amyris' Sugarcane Is Traceable . HAPPI.
  12. News: 2020-10-20 . Amyris and The Infectious Disease Research Institute Enter into Exclusive License for Novel RNA Vaccine Platform, Beginning with COVID-19 Vaccine . en . . live . https://web.archive.org/web/20231224200907/https://www.prnewswire.com/news-releases/amyris-and-the-infectious-disease-research-institute-enter-into-exclusive-license-for-novel-rna-vaccine-platform-beginning-with-covid-19-vaccine-301157638.html . 2023-12-24.
  13. Web site: Amyris files for Chapter 11 bankruptcy protection in Delaware. August 9, 2023. August 10, 2023. Bloomberg Law. en.