Koninklijke DSM NV's DSM Nutritional Products Initiates Collaboration With Merial Limited-DJ

Wednesday, 10 Oct 2012 12:01pm EDT 

Dow Jones reported that Koninklijke DSM NV's division DSM Nutritional Products is to collaborate with the American Merial Limited to develop animal vaccines. Under a license option agreement the Companies are to develop vaccines for animals which is to use the proprietary algal expression system of the Company. Merial is to provide capital to the Company for research and development of the vaccines and the Company will be qualified for milestone payments, license compensation and royalties of the sale of developed products when the collaboration is completed.