Calyxt’s High Oleic Low Linolenic Soybean Oil Deemed Non-Regulated by USDA
June 03 2020 - 8:31AM
Business Wire
Company Expands Product Portfolio with Next
Generation Product Candidate Anticipated in 2022
Calyxt, Inc. (NASDAQ: CLXT), a
plant-based technology company, announced today that its high oleic
low linolenic (HOLL) soybean has been deemed a non-regulated
article under the “Am I Regulated?” process by Biotechnology
Regulatory Services of the Animal and Plant Health Inspection
Service (APHIS), an agency of the United States Department of
Agriculture (USDA).
Calyxt’s new HOLL soybean, developed using the company’s
proprietary gene-editing technology TALEN®, is expected to launch
as early as 2022 – a welcome addition to the company’s growing
portfolio of commercial products, which includes hemp in 2020 and
improved digestibility alfalfa in 2021.
“USDA confirmation that Calyxt’s high oleic low linolenic
soybean is not a regulated article is an important next step in
bringing this product to the market,” said Jim Blome, CEO of
Calyxt. “We are excited to reach this milestone as we move toward
commercializing our second-generation product that we expect will
provide numerous product development benefits to our
customers.”
The next generation heart healthy oil is expected to deliver
formulation advantages, including improved stability, thereby
helping broaden applications for use so that food manufacturers and
chefs alike can offer healthier alternatives to consumers looking
for value-added solutions.
Calyxt’s HOLL soybean is currently in the development process
and is now part of a total of eight Calyxt products that have been
deemed non-regulated articles by the USDA (under 7 CFR 340),
including high fiber wheat, high oleic soybean, improved quality
alfalfa, cold storable potato, and reduced browning potato.
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/20200603005255/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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