Cibus Achieves Positive Initial Field Trial Results for Stacked Gene Edited Herbicide Tolerant Traits in Rice
06 August 2024 - 9:36PM
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 positive
initial field trial results of a novel weed management solution for
rice farmers. Initial results have shown that using two herbicides
provided an excellent weed management system in rice. If ultimately
successful, stacking gene edited herbicide tolerant (HT) traits in
a rice variety would enable the use of two herbicides with
difference modes of action to control weeds. Rice containing
stacked gene edited herbicide tolerant traits would allow farmers
ultimately to use a comprehensive weed management solution. This
stacked trait product would give farmers an excellent solution to
manage weeds that impact yield and quality and would be applicable
to many rice markets globally, providing a broader weed control
solution to further reduce the risk of resistant weeds that often
occur over time when using one mode of action herbicide.
Cibus believes stacked traits are a key element of modernizing
crop breeding. Gene editing provides the ability to develop complex
traits more efficiently and to address major farming yield
constraints such as weeds, disease and inefficient fertilizer use.
Cibus is seeking to address each of these problems in its trait
development pipeline.
Importantly, Cibus is a leader in the development of gene edited
traits in plants like 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 molecular scissors including
Transcription activator-like effector nucleases (TALENs).
Jim Radtke, PhD, Senior Vice President of Product Development at
Cibus, commented, “The stacking of Cibus’ two gene edited herbicide
tolerance traits in rice is representative of our strategy, goal
and ability to provide farmers more options in managing weeds. We
are encouraged to see initial trial results of our stacked gene
edited Rice HT traits.”
Norm Sissons, Senior Vice President Seeds and Traits at Cibus,
added, “Cibus continues to provide crop productivity solutions for
farmers that focus on both profitability and sustainability. In
many parts of the world weed management is often manual labor
intensive or utilizes herbicides that are less effective in
controlling weeds that compete to reduce rice crop yields. Cibus is
committed to bring to market multiple weed management solutions for
Rice farmers and these initial results are very encouraging.”
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. In
total, Cibus has developed a pipeline of five productivity traits.
It is commercializing its Pod Shatter Reduction trait in Canola, in
addition, it is a leader in weed management traits in Rice with its
HT1 and HT3 traits with customers such as Loveland Products
(Nutrien Ltd.) and Interoc S.A in the United States and Latin
America. Its recent development of stacked herbicide tolerant
traits in rice is an important milestone in developing better weed
solutions in rice. 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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