Calyxt Advances Herbicide-Tolerant Wheat and Improved Oil Composition Canola Product Candidates to Phase 1
September 25 2017 - 4:30PM
Business Wire
Nine Product Candidates Now in Phase 1 or
Higher Across Soybean, Wheat, Canola, Potato and Alfalfa
Crops
Calyxt, Inc. (NASDAQ:CLXT), a consumer-centric, food- and
agriculture-focused company, today announced that the Company’s
herbicide-tolerant wheat, its third wheat product candidate, and
improved oil composition canola, its first canola product
candidate, have advanced to Phase 1. This latest milestone is
reflective of Calyxt’s rapidly advancing product pipeline, powered
by the Company’s proprietary gene editing technology TALEN®, as
well as its deep expertise and innovation in the gene editing
space.
“This advancement to Phase 1 for both of these product
candidates marks yet another major step in Calyxt’s ongoing efforts
to create healthier specialty food ingredients for consumers and
agricultural productivity for farmers all over the country,” said
Federico Tripodi, Calyxt CEO. “Canola and wheat represent major
growth opportunities for the Company, and we look forward to
continuing along the path of bringing these product candidates to
market in a time- and cost-efficient manner.”
The herbicide-tolerant wheat candidate joins Calyxt’s high fiber
and disease-resistant wheat pipeline and will provide another tool
to help farmers manage weed resistance challenges to glyphosate and
other herbicides. Additionally, Calyxt’s first canola product
candidate will produce oil with an improved composition profile,
all while retaining the same important characteristics of
traditional canola oil.
With these phase advancements, Calyxt now has a total of nine
product candidates in Phase 1 or higher across its five crops:
soybeans, wheat, canola, potatoes and alfalfa.
About Calyxt
Calyxt, Inc. is a consumer-centric, food- and
agriculture-focused company. By combining its leading gene-editing
technology and technical expertise with its innovative commercial
strategy, Calyxt is pioneering a paradigm shift to deliver
healthier food ingredients, such as healthier oils and high fiber
wheat, for consumers and agriculturally advantageous crop traits,
such as herbicide tolerance, for farmers. Calyxt is located in
Minneapolis-St. Paul, MN, and is listed on the Nasdaq market
(ticker: CLXT).
For further information please visit our website:
www.calyxt.comCalyxt™ and the corporate logo are trademarks owned
by Calyxt, Inc.TALEN® is a registered trademark owned by the
Cellectis Group.
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should circumstances change, except as otherwise required by
securities and other applicable laws.
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version on businesswire.com: http://www.businesswire.com/news/home/20170925006426/en/
For CalyxtMedia:Jennifer Moore, 917-580-1088VP
Communicationscontact@calyxt.comorKCSA Strategic
CommunicationsCaitlin Kasunich / Nick Opich212-896-1241 /
212-896-1206ckasunich@kcsa.com /
nopich@kcsa.comorInvestor Relations:Simon Harnest,
646-385-9008VP Corporate Strategy and
Financesimon.harnest@cellectis.com
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