BioEconomy Partners. FermCo, Inc. Toll Fermentation. Eastman Business Park, Rochester NY PAC RIM BIO, San Diego, CA December, 2014

Transcription

1 FermCo, Inc. Toll Fermentation FermCo, Inc. Toll Fermentation Eastman Business Park, Rochester NY PAC RIM BIO, San Diego, CA December, 214

2 Barriers to Crossing Commercializa1on Gap Remain the Same Intensity Capital Intensive scale up - contract or construct No Company Bandwidth Distant Demo Scale - Proximity Effect Distant Technology Transfer Cross culture rela1onship management Limited ability to expand opera1ons at site Capital raise (again) Site selec1on 1me and travel intensive Government incen1ves uncertain Decreases efficiencies - poten1al not captured Lag 1mes of pilot and demo slow commercial scale efforts No cure for supply uncertainty Exis1ng Contract Fermenta1on costly, and omen not centric to service providers business Partnering with large players no guarantee of customer certainty COMPETITION READY AND WELL FUNDED

3 Investor Expecta1ons Reality: High Standard Devia1on

4 Global Capacity Toll Fermenta1on: 7.1M L addressing cri1cal weak links early is vital for commercializa1on success North America 39K L +/- South America Africa Europe 5.2M L +/- Asia 1.6M L +/- Australia

5 Fermenta1on Front Loading: FermCo, Inc. Biotechnology licensors VC - providing access for porxolio companies Biotechnology scale up Addi1onal IP scale up Large players with biotechnology partners Downstream partners for supply assurance $3M Capex 2,, liter general purpose facility 6 32, liter fermenters 3 trains of 5,, 4, liter fermenters Priority Right of Produc1on 3 days

6 Fermenta1on Front Loading: FermCo, Inc. A Fermenta1on Company with a Flexible Produc1on System for customers to reduce risk in the supply chain. Dedicated cost effec1ve fermenta1on Robust service model Assignable Priority Produc1on Right Produc1on within 3-6 days Assignable right can be licensed to other companies or strategic partners, or even sold if not needed LEED Cer1fied Plant Advantaged site Constructed with a coopera1ve input process Phased investment lowers risk, Can be leveraged with downstream partners Advantaged co- loca1on opportunity

7 Paradigm ShiM: the FermCo, Inc. Model CP Customer- Partners Site FermCo Inc. Holding Company Developer EPCM Flex Facility Toll Fermenta1on Project En1ty CAPEX $3M GOV Public Partner

8 FermCo, Inc. Strategic Partner Model Equity Strategic Partner Investor - VC Strategic Investor / Customer Strategic Investor / Chems Ins1tu1onal Investors Return FermCo Inc. Holding Company Non- Dilu1ve Equity Bioscience Manufacturing Center Project En1ty CAPEX $3M Debt EPCM Engineering Procurement Construc1on Management OPERATIONS Salaried Employees, Management, Administra1on, Associa1on Fees - Confiden1al -

9 The right knowledge and the right rela1onships at the right 1me. - Confiden1al -

10 The informa1on contained herein is of a general nature and is not intended to address the circumstances of any par1cular individual or en1ty. Although we endeavor to provide accurate and 1mely informa1on, there can be no guarantee that such informa1on is accurate as of the date it is received or that it will con1nue to be accurate in the future. No one should act upon such informa1on without appropriate professional advice a=er a thorough examina1on of the par1cular situa1on. Contact: Ally LaTourelle, Esq. Ally.latourelle@bioecnomypartners.com P Skype: ally.latourelle