Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b1915b0f-588b-49fa-8d75-13f295150410&Preview=1
Date 4/14/2010
Company Name Allylix
Mailing Address 6020 Cornerstone Court San Diego, CA 92121
Company Description Allylix has developed proprietary technology that allows it to produce a group of natural products called terpenes at low cost. In nature, terpenes are produced by plants in minute quantities to serve a number of different functions. Some are flavors and fragrances, while others are anti-fungal and anti-viral and still others are insect repellents. Because of this, terpenes have significant commercial value to the flavor and fragrance, insect repellent and pharmaceutical industries.
Proceeds Purposes Securing this round of funding allows the company to commercialize its initial three products for the flavor and fragrance industry, and allows it to advance other products in its already mature pipeline.