Yield10 Bioscience Announces that the Plant Biosafety Office of the Canadian Food Inspection Agency has Cleared Genome-edited E3902 Camelina for Planting in Canada
26 March 2024 - 11:29PM
Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the
“Company”), an agricultural bioscience company, today reported that
the Plant Biosafety Office (“PBO”) of the Canadian Food Inspection
Agency (“CFIA”) recently reviewed information on the Company’s
E3902 Camelina sativa (“Camelina”) and determined that E3902 is not
a Plant with Novel Trait (PNT) and is not subject to a pre-market
notification under Part V of the Seeds Regulations. Yield10’s E3902
Camelina combines genome edits in three proprietary genetic traits,
C3008a, C3008b and C3009, that result in an increase in oil
production by five percent and produce a lighter seed coat color as
compared to the parental Camelina line. E3902 Camelina remains
subject to other applicable requirements of the Seeds Act and
Regulations in Canada.
“We are pleased to see a science-driven framework in Canada for
the assessment of new traits engineered into Camelina through
genome editing,” said Kristi Snell, Ph.D., Chief Science Officer of
Yield10 Bioscience. “We plan to continue to systematically execute
our development and regulatory programs to provide access to new
and improved Camelina varieties to growers.”
Global Regulatory Status of E3902 Camelina
Yield10 is a leader in the development of elite Camelina
varieties. In addition to the recent regulatory determination in
Canada, the Company has previously received favorable regulatory
determinations for planting E3902 Camelina in the United States,
Argentina, and Chile.
United
States: In 2018, the U.S. Department of
Agriculture determined that E3902 Camelina is not considered
regulated under 7 CFR part 340.
Argentina: In 2021, Yield10 received a
favorable determination from the Argentine Biosafety Commission
(Comisión Nacional de Biotecnología Agropecuaria or “CONABIA”) that
E3902 Camelina is similar to conventionally bred Camelina varieties
and therefore is not regulated under the biotechnology resolution
No. 763/11 of the Ministry of Agriculture, Livestock and Fisheries
in Argentina.
Chile: In 2022, the
Agricultural Protection Division – Forestry and Seeds in Chile
indicated that E3902 Camelina is not under the scope of the Chilean
Biotechnology Crops Resolution No. 1523 of 2001, and its amendments
regarding GMOs confirming that this line is not considered
regulated in Chile and can be cultivated like conventional
Camelina.
About Yield10 Bioscience
Yield10 Bioscience, Inc. ("Yield10" or the "Company") is an
agricultural bioscience company that is leveraging advanced
genetics to develop the oilseed Camelina sativa ("Camelina") as a
platform crop for large-scale production of sustainable seed
products. These seed products include feedstock oils for renewable
diesel and sustainable aviation biofuels; omega-3 (EPA and DHA+EPA)
oils for pharmaceutical, nutraceutical and aquafeed applications;
and, in the future, PHA biomaterials for use as biodegradable
bioplastics. Subject to the availability of sufficient financial
resources to continue operations, our commercial plan is based on
establishing a grain contracting business leveraging our
proprietary elite Camelina seed varieties, focusing on the
production of omega-3 oils for nutritional applications and
partnering or licensing our advanced Camelina gene technologies to
biofuel value chain partners to support their goals of meeting the
growing demand for low-carbon intensity feedstock oil. Yield10 is
headquartered in Woburn, MA and has a Canadian subsidiary, Yield10
Oilseeds Inc., located in Saskatoon, Canada.
For more information about the Company, please visit
www.yield10bio.com, or follow the Company on X (formerly
Twitter), Facebook and LinkedIn.
(YTEN-G)
Safe Harbor for
Forward-Looking Statements
This press release contains forward-looking statements which are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements in this release do not constitute guarantees of future
performance. Investors are cautioned that statements in this press
release which are not strictly historical, including, without
limitation, expectations related to research and development
activities and the expected path to regulatory approvals for its
traits, constitute forward-looking statements. Such forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those
anticipated, including, but not limited to, the Company’s ability
to secure adequate funding in the near term to continue operations
and to remain listed on the Nasdaq Stock Market, as to which no
assurance can be given, as well as the risks and uncertainties
detailed in Yield10 Bioscience's filings with the Securities and
Exchange Commission. Yield10 assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the matters described herein.
Contacts: Yield10 Bioscience:Lynne H. Brum,
(617) 682-4693, LBrum@yield10bio.com
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