Calyxt Licenses New Enabling Technology from University of Minnesota for Greater Efficiency in Gene Edited Plants
April 07 2020 - 08:31AM
Business Wire
Unique Technology Has Potential to Reduce Gene
Edited Plant Production Timelines & Increase Speed to
Market
Calyxt, Inc. (NASDAQ: CLXT), a plant-based technology company,
has licensed a new method to help increase plant gene editing
efficiency from the University of Minnesota. The method has the
potential to reduce the time needed to edit plants from
approximately one year to several months.
This breakthrough, co-invented by Dan Voytas, Ph.D., the
co-founder of Calyxt and the University of Minnesota Professor of
Genetics, Cell Biology and Development, is an example of the
opportunistic synergies that Calyxt has with the University of
Minnesota to put into commercial practice some of the technical
discoveries coming out of the University's research programs. This
new technology could help Calyxt bring consumer-desired products,
like better tasting plant proteins, to the market faster.
"It is extremely rewarding to see research performed at the
University of Minnesota result in technologies that can be used by
Calyxt to accelerate the production of gene edited crop varieties,”
said Calyxt chief science officer, Dan Voytas.
“Leveraging cutting-edge technology that enables new and faster
ways to enhance the power of plants is our goal at Calyxt,” said
Calyxt CEO, Jim Blome. “We’re committed to making a difference by
developing plants that will improve health and sustainability for
people and the planet, and our product pipeline reflects the
opportunities that we hope to seize.”
The company expects to launch at least six product candidates
from now through 2024, including a hemp product candidate in 2020,
an alfalfa product in 2021 through its collaboration with S&W
Seed Company (NASDAQ: SANW), a high fiber wheat product candidate
as early as 2022, and four additional product candidates either via
the company’s integrated business model or in collaboration with
third parties.
For more information, please read the published article in
Nature Biotechnology or visit calyxt.com.
About Calyxt
Calyxt (NASDAQ: CLXT), based in Roseville, Minnesota is a
plant-based technology company. We partner with like-minded farmers
and companies to deliver plant-based products with wellness and
sustainability benefits. We use cutting edge plant breeding
techniques to innovate and develop solutions to address unmet
consumer and market demands. For further information, please visit
our website at www.calyxt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200407005018/en/
Calyxt Media Contact: Trina Lundblad, Director of
Corporate Communications (612) 790-0514 media@calyxt.com
Calyxt Investor Relations Contact: Chris Tyson, Managing
Director MZ Group – MZ North America (949) 491-8235 CLXT@mzgroup.us
www.mzgroup.us
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