Yield10 Bioscience Grants Global License To VISION Bioenergy Oilseeds; $3M Cash Payments To Yield10
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Yield10 Bioscience has granted a global license to VISION Bioenergy for certain Camelina varieties, including those with herbicide tolerance, for use in biofuels. The deal includes $3M in cash payments to Yield10, with a three-year exclusivity period for VISION, after which the license becomes non-exclusive. Yield10 retains rights for sublicensing and developing these varieties for other products.
February 14, 2024 | 2:02 pm
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Yield10 Bioscience enters a licensing agreement with VISION Bioenergy for Camelina varieties, receiving $3M in cash payments. This deal could enhance Yield10's financial position and diversify its product development in biofuels.
The $3M cash payment from the licensing agreement with VISION Bioenergy provides immediate financial benefits to Yield10 Bioscience. The exclusivity period allows VISION to commercialize the Camelina varieties for biofuels, potentially leading to further revenue for Yield10 through sublicensing or product sales after the exclusivity period. This deal not only strengthens Yield10's financial position but also aligns with its strategy to diversify and develop its product portfolio in the biofuels sector.
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