Syntro Corp. has completed a series of...

Syntro Corp. has completed a series of agreements to transfer its proprietary protein engineering technology to Protein Polymer Technologies, a company that former Syntro board chairman J. Thomas Parmeter recently created to commercialize Syntro’s technology.

Syntro received options to acquire 25% of Protein Polymer Technologies’ common stock at a price equal to that paid by recent investors, as well as royalties on Protein Polymer Technologies’ contract and product revenues.