R&D News: News and personnel changes from BASF, BI Nutraceuticals and Sethness Products
BASF Venture Capital GmbH, Ludwigshafen, Germany, announced its $13.5 million investment in Allylix Inc., a San Diego-based renewable specialty chemicals company. The BASF subsidiary was part of an $18.2 million financing round for Allylix Inc., which also included existing investors Tate & Lyle Ventures, Avrio Ventures and Cultivian Ventures.