BASF AND DIVERSA FORM BROAD ALLIANCE TO DEVELOP INNOVATIVE NEW PRODUCTS
Diversa Corporation and BASF announced today that they have entered into a broad
alliance that will leverage Diversa's leadership position in novel enzyme development
and BASF's expertise in biotechnology, process development, product applications,
and global marketing and distribution. Under the agreement, Diversa will be
responsible for discovery and optimization of new enzymes, and BASF will be
responsible for product and process development and all commercialization matters.