Biome Secures FaBA Co-investment for IP Development

● Biome signs co-investment agreement with Australia’s Food and Beverage Accelerator (FaBA) for a jointly funded IP development program
● Biome has executed an agreement with FaBA and its aligned universities, UQ, QUT and UniSQ to commence the partnership and work toward a joint project plan to develop Biome’s BMB18 probiotic strain
● The agreement is supported by $50M funding from the Australian Government Department of Education Trailblazer Program awarded to FaBA ● Any project budget will be matched by FaBA and its federal government research grant ● Biome will retain 100% ownership of the intellectual property related to Lactobacillius plantarum BMB18 and will retain intellectual property arising from the performance of the project, royalty free.