US Appeals court affirms arbitration award TerraVia by Roquette

US Appeals court affirms arbitration award to TerraVia by Roquette

9:35 AM, 22nd December 2016
TerraVia logo

SOUTH SAN FRANCISCO, US: TerraVia Holdings Inc declared that the US Court of Appeals for the Third Circuit (federal court) issued a decision in the appeal by Roquette Freres SA of an arbitration award connected with the Solazyme Roquette Nutritionals LLC joint venture.

The appeals court affirmed, without modification, the original arbitration award, which ordered the assignment to TerraVia of:

  • All SRN patent applications.
  • All SRN “know-how” related to high lipid algae flour and high protein algae powder.
  • All Roquette patent applications filed since November 2010 relating to microalgal food and food ingredients, as well as methods for making and using them.

In addition, the original arbitration award ordered Roquette to pay $2.3 million to TerraVia in legal costs and fees.

“The court’s decision confirms that the valuable intellectual property and know-how associated with our whole algal flour and whole algal protein ingredients belong to TerraVia,” said Apu Mody, CEO of TerraVia.

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