Cibus Expands its Intellectual Property Coverage for Plant Gene Editing and Traits
June 26 2024 - 8:30AM
Cibus, Inc. (Nasdaq: CBUS), a leading agricultural
technology company that develops and licenses plant traits to seed
companies for royalties, today announced that it has expanded its
intellectual property coverage for 10 gene editing and trait
families. This intellectual property expansion over the last 6
months covers several areas including gene editing, productivity
traits and quality traits, like high fiber wheat, strengthening the
Company’s patent coverage in geographies including, but not limited
to, Europe (EPO), Asia, Latin America, Canada, and the United
States.
Cibus is a leader in the development of complex gene edited
traits in plants like Pod Shatter Reduction in Canola and Herbicide
Tolerance in Rice. The Company’s plant trait intellectual property
is developed using its Rapid Trait Development System
(RTDS®) including Gene Repair Oligonucleotides
(GRON) and Transcription activator-like effector nuclease (TALEN)
technology.
Greg Gocal, PhD, Co-Founder, Executive Vice President and Chief
Scientific Officer at Cibus, commented, “The development of our
intellectual property is foundational to our strategy and
demonstrates our ability to edit complex traits across multiple
crops. We are pleased with the recognition of the patent offices in
many countries, who through their decisions have validated our
know-how and ability to develop gene edited traits. It is also
important that legacy traits received from our merger with Calyxt,
Inc., like High Fiber Wheat and Improved Quality Alfalfa are a part
of our intellectual property portfolio that includes the use of
TALEN technologies.”
Noel Sauer, PhD, Senior Vice President of Research at Cibus,
added, “Cibus’ technology team actively supports the Company’s
commercial advancement efforts through protection of our trait and
gene editing intellectual property. Importantly, protected traits
can help accelerate our seed company customers’ timelines to
farmer’s fields across global markets.”
The patents announced today solidify Cibus’ depth of
intellectual property, driving development of its products and
highlighting the strengths of its diversified portfolio of traits.
Between Cibus and legacy Calyxt, Cibus now has rights to over 1,000
patents and patents applied for, including core original gene
editing patents in agriculture.
About Cibus
Cibus is a leader in gene edited productivity traits that
address critical productivity and sustainability challenges for
farmers such as diseases and pests which the United Nations
estimates cost the global economy approximately $300 billion
annually. Cibus is not a seed company. It is a technology company
that uses gene editing to develop and license traits to seed
companies in exchange for royalties on seed sales. Cibus' focus is
productivity traits for farmers for the major global row crops with
large acreage such as canola, corn, rice, soybean, and wheat. Cibus
is a technology leader in high throughput gene editing technology
that enables Cibus to develop and commercialize plant traits at a
fraction of the time and cost of conventional breeding. Cibus has
developed a pipeline of five productivity traits including
important traits for Pod Shatter Reduction, Sclerotinia (disease)
resistance, and weed management. Its initial traits for Pod Shatter
Reduction and weed management are in commercial development with
leading seed companies such as Nuseed Americas Inc. in Canola as
well as Nutrien Ltd. and Interoc S.A. in Rice in the United States
and Latin America. Its other pipeline traits including Sclerotinia
resistance are in advanced greenhouse and field trial stages.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify these statements by forward-looking words such as
"anticipates," "believes," "continue," "estimates," "expects,"
"intends," "may," "might," "plans," "predicts," "projects,"
"should," "targets," "will," or the negative of these terms and
other similar terminology. Forward-looking statements in this press
release include, but are not limited to, statements regarding the
anticipated closing of the offering and the expected use of the
proceeds from the offering. Completion of the offering is subject
to numerous factors, many of which are beyond Cibus’ control,
including, without limitation, market conditions, failure to
satisfy customary closing conditions and the risk factors and other
matters set forth in the prospectus supplement and accompanying
prospectus included in the registration statement and the documents
incorporated by reference therein. You are cautioned not to place
undue reliance on any forward-looking statements made by Cibus’
management, which are based only on information currently available
to it when, and speak only as of the date, such statement is made.
Cibus does not assume any obligation to publicly provide revisions
or updates to any forward-looking statements, whether as a result
of new information, future developments or otherwise, should
circumstances change, except as otherwise required by law.
CIBUS CONTACTS:
INVESTOR RELATIONSKaren
Troeberktroeber@cibus.com858-450-2636
MEDIA RELATIONSmedia@cibus.com(619) 849-6009
Colin Sanfordcolin@bioscribe.com203-918-4347
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