IFF Launches Axtra PHY GOLD Phytase Enzyme For In-Feed Use In The EU
Portfolio Pulse from Nabaparna Bhattacharya
International Flavors & Fragrances, Inc.'s (NYSE:IFF) unit Danisco Animal Nutrition & Health has announced that its phytase enzyme, Axtra PHY GOLD, has been authorized for in-feed use in the EU. The enzyme does not interfere with digestion and animal performance and works faster than any other competitor's phytase to break down phytate present in grains. It is available globally in markets including the U.S., Latin America, Asia Pacific, and most recently in the EU. IFF shares are trading higher by 2.02% to $79.61.
July 07, 2023 | 4:51 pm
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POSITIVE IMPACT
IFF's unit Danisco has received authorization for its phytase enzyme, Axtra PHY GOLD, for in-feed use in the EU. This could potentially increase the company's market share and revenue. IFF shares are trading higher by 2.02%.
The authorization of Axtra PHY GOLD for in-feed use in the EU could potentially increase IFF's market share and revenue as it expands its product availability. This positive news is likely contributing to the rise in IFF's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100