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Biotech / Medical : Diversa Corporation (DVSA)

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To: nigel bates who wrote (60)	12/31/2001 9:40:45 AM
From: tuck	Read Replies (1) of 144

>>SAN DIEGO, Dec. 31 /PRNewswire/ -- Diversa Corporation (Nasdaq: DVSA - news) today announced that it was awarded a milestone payment of $1.3 million from Zymetrics, Inc. in conjunction with research and development performed for Zymetrics. The milestone payment was earned as a result of Diversa's discovery and optimization of novel enzymes with potential application in feed and food processing. Zymetrics is a contract joint venture formed in December 1999 between Diversa and Syngenta (NYSE: SYT - news) to commercialize functionally-differentiated enzymes for animal nutrition and crop processing. Zymetrics is developing novel enzymes to improve the efficiency and environmental sustainability of animal agriculture and enhance the quality and value of feed, food, and industrial products derived from crops. Diversa receives research funding from Zymetrics and will participate in profit-sharing on any products commercialized by the venture.<< snip Cheers, Tuck

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