Last week, synthetic biotechnology company Amyris formally announced that the company will be moving forward with filing voluntary Chapter 11 bankruptcy proceedings and will undergo significant financial restructuring intended to improve the Company’s cost structure, capital structure, and liquidity position while streamlining Amyris’ business portfolio to focus on its core competencies in R&D and the scale-up, commercialization, and applications development of its sustainable ingredients derived through biofermentation, said a company press release.
Amyris, Inc. is known for its Lab-to-Market technology platform and clean beauty B2C brands including hair care product brand JVN, founded by celebrity hair stylist Jonathan Van Ness, te…
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