Edison Investment Research - Bionaturis (ADL) ADL Bionatur Solutions - Amyris contract extended to 2020

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Edison Investment Research

Pooya Hemami

ADL Bionatur Solutions - Amyris contract extended to 2020

ADL Bionatur Solutions (ADL-BS) announced on 22 July 2019 that its existing contract manufacturing (CMO) production agreement with Amyris (AMRS, Nasdaq) has been extended to 2020, with the associated additional revenue expected to exceed â‚¬12m. Amyris develops and markets fermentation-derived ingredients for the health and clean beauty markets, and indicates that its current portfolio is growing over 100% in 2019. The contract expansion signals Amyrisâ€™s confidence in ADL-BSâ€™s fermentation facilities and production capabilities, and underpins our growth forecasts for ADL-BS, as our model already anticipated that the Amyris contract would be extended into 2020 and beyond.

24/07/2019 2 EN

Underlying

Bionaturis

ADL Bionatur Solutions SA Formerly known as Bioorganic Research and Services SA. ADL BIONATUR SOLUTIONS SA (Bionatur), formerly known as Bioorganic Research and Services SA, is a Spain-based company engaged in the management and advice in the development of organic chemical processes carried out by third party entities. Among the chemical projects, the Company comprises the examination and interpretation of samples from waste treatment works, valuation of biological activities and retrosynthetic analysis. The Company's subsidiaries are BBD BioPhenix SL, a San Sebastian-based biotechnology company and Zera Intein Protein Solutions SL.

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ES0184980003 Madrid Stock Exchange Spain

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pooya Hemami

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ADL Bionatur Solutions - Amyris contract extended to 2020

ADL Bionatur Solutions - CMO business driving growth

ADL Bionatur Solutions - â‚¬25m debt financing to fund current strategy

ADL Bionatur Solutions - New contract to serve Asia-Pacific API market

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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