eXoZymes achieves four grams of NCT with over 99% purity
Biomanufacturing Breakthrough: eXoZymes and its spinout NCTx have achieved a significant milestone by producing 4 grams of NCT with a purity exceeding 99% during initial lab scale validation.
Sustainable Production Method: Co-founder Dr. Tyler Korman emphasizes that their exozyme biosolutions offer a more effective and sustainable alternative to traditional extraction methods, which require large quantities of hemp seeds.
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Monday 7/7 Insider Buying Report: EXOZ, IAF
Insider Purchases: CEO Michael Heltzen of Exozymes purchased 1,040 shares at $10.22 each, while Director Moritz A. Sell bought $9,000 worth of Aberdeen Australia Equity Fund shares at $4.50 each, marking their first purchases in the past year.
Stock Performance: Exozymes stock is currently trading lower than Heltzen's purchase price, while Aberdeen Australia Equity Fund has seen a slight decline of 0.9% on the same day.
Bringing clarity and precision to the cell-free space by introducing exozymes
Introduction of Exozymes: The term 'exozymes' has been introduced in a cover story published in GEN Biotechnology to clarify the concept of cell-free biomanufacturing, which allows for chemical production without living cells. This initiative aims to foster innovation and streamline partnerships in the field.
eXoZymes Inc. Overview: eXoZymes Inc., a pioneer in AI-engineered enzymes, is leading the development of sustainable biomanufacturing methods that replace traditional chemical processes with eco-friendly alternatives, enhancing the scalability and efficiency of producing essential chemicals and medicines.
