Perfect Day Deepens Investments in Corporate Biologics Sector with New Brand Identity, nth Bio, and Announces Partnership with Onego Bio | Company

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SALT LAKE CITY–(BUSINESS WIRE)–Sept. 20, 2022–

Today, global biotech leader Perfect Day announces the new brand identity for its corporate biology business — not th Bio – and its first publicly announced partner, Onego Bio, Ltd. not th organic brand. not th offers the company’s technology expertise and services to businesses around the world that share its greener, greener mission and enables them to expand their impact into new areas of the food system and beyond.

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not th has worked largely behind the scenes over the past two years to provide large scale production, IP licensing, strain engineering services and other solutions to a diverse range of precision fermentation customers , biopharma and life sciences. not th is the only enterprise biology company in the world that offers end-to-end expertise and services from the early stages of molecular development to commercial-scale manufacturing, and everything in between.

In addition to launching the not he Bio brand, the company is delighted to be able to publicly share its work with its partner Onego Bio as a shining example of what it intends to achieve through this work. Onego Bio aims to use breakthrough technology to commercialize animal-derived ovalbumin, the most abundant egg white protein, with precision fermentation. Global egg production has nearly doubled in volume over the past 20 years and is expected to reach 138 million tonnes by 2030. The Onego Bio team is here to meet this demand in a way that safeguards the future of our planet. not th has accelerated the timeline to turn this vision into reality by offering its services in strain engineering, bioprocess development, regulatory support and process scale-up.

“The name not e Bio comes from the exponential impact we can have by taking others on our journey. It’s our commitment to creating a more respectful, greener future through collaboration — taken to the nth degree. We look forward to continuing this work from our base in Salt Lake City, supporting innovative, mission-aligned companies with not th and expand our impact into new industries,” said Ryan Pandya, co-founder and CEO of Perfect Day. “Onego Bio is a serious new player in the field, with top-notch technological skills and world-class experts who share our more respectful and greener mission. We believe their animal-free egg whites will play an important role in transforming our food chain,” he added.

Onego Bio is a spin-off from the VTT Technical Research Center of Finland that has been developing and researching precision fermentation technology for several years. The technology is based on the same efficient microflora platform used by Perfect Day to produce animal-based milk proteins. Onego Bio aims to launch its first Bioalbumen™ product in the United States as a food ingredient for the bakery and confectionery industry, as well as a protein supplement for fitness products, and later to enter the consumer market with its own branded bakery and kitchen products.

“We are delighted to announce the partnership with not and Bio. Perfect Day has been a huge pioneer in the global animal protein industry, achieving GRAS status in the United States and successfully communicating the potential for uncompromising impact its technology enables to a wider audience. We are delighted to have the opportunity to work with Perfect Day to follow in their footsteps with our own Onego Bio products,” said Maija Itkonen, CEO of Onego Bio.

This global partnership and the work of not e underscore Perfect Day’s deep commitment to making an impact through collaboration. As the first company to commercialize animal-free, nature-identical protein at scale, Perfect Day has unrivaled expertise and potential for impact, which it cannot maximize on its own. By providing access to essential tools and infrastructures, not This allows partners like Onego to accelerate the things our world needs to move in a more sustainable direction. The best way to change the world for the better is to work with others to create a wider impact. The potential is exponential.

Scaling this new part of Perfect Day’s business increases the impact of the company’s ongoing work bringing animal-free products to consumers through its B2B ingredient partners and consumer brands under The Urgent Company. Perfect Day has already produced more animal-free whey protein in the first half of this year than in 2021 and has unlocked the capacity to produce thousands of metric tons starting next year through its four scale facilities. commercial in the world. Consumers can find more eco-friendly products made with Perfect Day’s first ingredient, animal-free whey protein, in six categories in three countries.

About not th Bio

not th Bio by Perfect Day empowers a new generation of bioengineers to shape the world they envision. As an incubator of ideas that promote rapid realization, not th offers enterprise biology services to enable its partners to grow their projects from start to finish. We provide the perspective, knowledge and experience to systemically scale and nurture ideas. Because progress doesn’t happen in silos, it happens as a system.​

not th Bio is pioneering a new area of ​​biological applications to extend the impact of Perfect Day into new areas beyond what they could do alone. not th brings the company’s unrivaled expertise to offer services ranging from strain engineering to piloting to large-scale production, and everything in between, and is the only biology company in company that can offer services anywhere along this route. By sharing their expertise with other innovators, not This accelerates the path to a softer, greener future.

About Onego Bio Ltd

Onego Bio Ltd is a breakthrough biotech company that produces animal-free egg protein with precision fermentation. When implemented on a large scale, this new production method offers significant benefits for the environment, food safety and animal welfare. The team finds the chosen technology to be superior due to its efficiency and productivity. Based on anticipatory LCA published in Nature Food, the technology shows the potential to significantly reduce most impacts associated with agriculture, such as global warming and land use.

The egg is one of the most widely used animal proteins in the world and difficult to replace with alternative ingredients. Onego Bio will make the same delicious foods completely animal-free. The company aims to launch its first Bioalbumen™ product as a food ingredient for the food industry and later enter the consumer market with its own branded products for baking and cooking. Bioalbumen provides the nutritional and functional benefits of egg white, without the environmental, ethical and safety concerns.

Founded in 2022 by Maija Itkonen (CEO), Christopher Landowski (CTO) and Jussi Joensuu (COO), Onego Bio is a VTT spin-off that recognizes the remarkable work done by the VTT Technical Research Center of Finland for agricultural products higher level cellular and applications. Onego Bio’s mission is to rethink eggs and give people access to sustainable, delicious and healthy animal-free food.

Learn more at www.onego.bio and follow our journey on LinkedIn, Twitter and Instagram.

About Perfect Day, Inc.

Founded in 2014 by Ryan Pandya and Perumal Gandhi, Perfect Day is on a mission to create a kinder, greener future through the harmony of science and nature. Leveraging expertise in biology, food innovation and consumer products, Perfect Day helps companies develop, scale and commercialize next-generation products that meet market demands and pave the way to a sustainable future.

The company’s flagship product, the world’s first precision-fermented protein, debuted in 2020 and is found today in animal-free ice cream, cream cheese, baked goods and nutrition products sports in the United States, Hong Kong and Singapore. Instead of relying on cows, Perfect Day uses microflora to create exclusive animal-free milk proteins. Perfect Day’s protein can be used in a range of products to deliver the same taste and texture while supporting the planet. An ISO-compliant, third-party reviewed Life Cycle Assessment (LCA) found that Perfect Day’s whey protein reduces blue water consumption by up to 99%, greenhouse gas emissions up to 97% and non-renewable energy consumption up to 60%. , compared to conventional production methods.

To learn more, visit perfectday.com or follow us on Facebook, TwitterInstagram and LinkedIn.

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KEYWORD: UTAH UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY SCIENCE FITNESS & NUTRITION AGRICULTURE NATURAL RESOURCES BIOTECHNOLOGY HEALTH SPECIALTY GREEN TECHNOLOGY RESEARCH FOOD/BEVERAGE SUSTAINABILITY RETAIL OTHER HEALTH FOOD TECHNOLOGY ENVIRONMENT PHARMACEUTICAL

SOURCE: Perfect Day

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PUBLISHED: 09/20/2022 11:08 AM/DISC: 09/20/2022 11:08 AM

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