Materia and Sigma Aldrich Extend Catalyst Distribution Agreement
PASADENA, CA––(Marketwire) – August 16, 2012. Materia announced today a ten year extension of its exclusive catalyst distribution agreement with Sigma-Aldrich Corporation (Nasdaq:SIAL), that allows Aldrich Chemical Co. LLC to continue its worldwide rights to distribute the Materia Grubbs Catalyst™ technology to the research and development community.
“Sigma-Aldrich is the clear global leader in research chemical distribution,” stated John Kibler, Materia Vice President of Business Development – Grubbs Catalyst Technology. “Their strong channels provide innovators in the chemical, polymer, and pharmaceutical industries with straightforward catalyst access, which in turn enables a robust pipeline of win-win opportunities.”
Aldrich Chemical Co. LLC currently sells fifteen Materia metathesis catalysts (www.sigma-aldrich.com/metathesiscatalysts), which are based upon core patents exclusively licensed from the California Institute of Technology, as well as complementary technology from Materia, Boston College, the University of Calgary, and the University of New Orleans. The companies will launch a new metathesis catalyst providing cis-selectivity later this year.
Materia was founded in 1998 to commercialize olefin metathesis catalyst technology. This market-enabling, Nobel Prize-winning, green chemical technology enables chemical compounds to be synthesized with greater efficiency, under less stringent reaction conditions, and with reduced byproducts and hazardous waste. Metathesis has been accepted as an emerging “green technology” platform and has been broadly adopted by the pharmaceutical, chemical, and polymer industries. As stated by the Royal Swedish Academy of Sciences when awarding the 2005 Nobel Prize, “metathesis is an example of how important basic science has been applied for the benefit of man, society, and the environment.” For more information, visit: www.materia-inc.com.
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