Friday, September 28, 2012
AvidBiotics nails DuPont deal to obliterate E. coli
AvidBiotics Corp.’s got a beef with its freshly minted multimillion-dollar deal with DuPont — and if things go as the small South San Francisco biotech company plans, it will have chicken and vegetables as well. AvidBiotics inked the deal Sept. 17 with DuPont’s health and nutrition business to develop a targeted protein to kill a strain of Escherichia coli, or E. coli, in meat processing plants. DuPont gave AvidBiotics upfront cash, took a minority stake in the eight-employee company and will pay all research and development costs.