Vintha M. Thadhani1, Syed G. Musharraf2, Afshan Begum2, M. Iqbal Choudhary2 & Veranja Karunaratne3 1Institute of Chemistry, Colombo, Sri Lanka; 2ICCBS, University of Karachi, Pakistan,3University of Peradeniya, Sri Lanka Symbiotic association of fungus & algae Worldwide distribution Able to grow under extreme conditions About 20,000 lichen species identified . Still many lichen rich areas remain unexplored Total number may well be close to 100,000. Occurs exclusively in these symbiotic organisms Even with the advances of analytical methods, there is comparatively less isolation of new lichen metabolites may be due to the limited biosynthetic pathways. Approximately only 1050 lichen metabolites have been isolated to date. We have already reported various biological activities of lichen compounds including, – antioxidant, – α-glucosidase inhibitory, – urease inhibitory, – antimicrobial, – cytotoxicity etc Zeorin isolated in 3.4% yield from Cladonia sp. Subjected to various bioassays Patent obtained for αglucosidase inhibitory activity. Biotransformation through Cumingharella elegans Yielded 1,3-diacylglycerol & diacylperoxide. 1-(5-dodecenoyl), 3-(5-decanoyl)glycerol 5-decenoic acid-1,1-diacylperoxide R 7 6 1 4 4 2 3 OH 1 7 5 (A) 1' 4' O 1 2' 3' OR 7 C O 2R 6 RO 4 2 3 R C arb o x yl i c ac id 5' 6 es t eri fi cat io n 5 C O2 R OR 2 + O R 3 CO 2 H HO 5 RO 7' 6' R OH D ep si d e B e nz yl es t er (B ) S m i le s rear ran ge m en t R R 7 6 P d (O A c) 2 /T F A 5 1 4 RO 2 3 5' O 7' 6' C O 2H 1' 4' Di p h en yl et h er C O2 R 2' 3' OR CH3 O CH3 O CH3 O OH O HO CH3 O O OH HO OH O A tran o rin CHO OH CH3 O CH3 O HO O OH CH3 OH L ecarno ric acid O OH OH E ry thrin C H 2O H OH CH3 R R O R R 6' R O 5' O O O R O 1' K 2CO 3 O OH 6 5 R /H O O 1 4 2 3 4' 2' 3' OH DM SO R/ HO O - OH Sm ile s rea rra ngem ent para de pside R R O O R /H O O R - O D iphenyl ether O OH C O 2R C O 2H HO C O 2H N aO H /M eO H C O 2C H 3 R eflux OH O CH3 CH3 CH3 CH3 HO D ip h en y l eth er 1 OH O D ip h en yl eth er 2 R = -C H 2 C H (O H )C H (O H )C H 2 O H P d(O A c) 2 T F A /A cetic acid CH3 CH3 OH OH C O 2H COOCH3 HO O H y p o s tre p s ilic a c id OH H 3C O D ib e n zo fu ra n CH3 HO CH3 CH3 C O 2H C O 2R 1) N aO H /M eO H O CH3 CH3 OH D ip h en yl eth er 1 C O 2C H 3 5 C O 2C H 3 5' 2) K 2 C O 3 /M eI HO 3 OH O 3' D ip h en yl eth er 2 R = -C H 2 C H (O H )C H (O H )C H 2 O H 3-3' OCH3 3-5' OCH3 OCH3 C O 2C H 3 H 3C O CH3 C O 2C H 3 D ib en zo fu ran 1 CH3 C O 2C H 3 H 3C O OCH3 C O 2C H 3 D ib en zo fu ran 2 OCH3 CH3 OCH3 CH3 C O 2C H 3 H 3C O OCH3 C O 2H H 3C C O 2H O OCH3 C O 2C H 3 S ch izo p eltic a cid OH Iso -sch izop eltic a cid CH3 OH CH3 C O 2H C O 2C H 3 B H 3C O C O 2H P a n n a ric a cid OH H 3C O C O 2H 9 -M eth y lp a n n a ra te OH This study reveals the possibility of conversion of major lichen specific secondary metabolites into new compounds through biotransformation and semi-synthesis.