Improved Quality Alfalfa Product Candidate
Represents Sixth Product from Calyxt to be confirmed as
non-regulated
Calyxt, Inc. (NASDAQ:CLXT), a consumer-centric, food- and
agriculture-focused company, and S&W Seed Company
(NASDAQ:SANW), a global leader in the alfalfa seed industry, today
announced that the first of its two alfalfa product candidates has
been designated as a non-regulated article under “Am I Regulated?”
Process by Biotechnology Regulatory Services of the Animal and
Plant Health Inspection Service (APHIS), an agency of the USDA.
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With this notification by the USDA, the improved quality alfalfa
is the sixth Calyxt product candidate, developed using Calyxt’s
proprietary gene editing technology TALEN®, to be confirmed as a
non-regulated article by the USDA including its high oleic soybean,
high oleic / low linolenic soybean, powdery mildew resistant wheat,
cold storable potato and reduced browning potato.
“The accomplishment represents another milestone for Calyxt in
our efforts to develop and commercialize innovative agriculturally
advantageous traits for the food and agriculture industries,” said
Federico Tripodi, CEO of Calyxt. “Calyxt’s innovative technology
and partnership with S&W Seed Company is crucial in the
development of the alfalfa pipeline. We look forward to our
continued partnership with S&W as we advance this product
candidate to the market.”
Mark Wong, CEO of S&W Seed Company, commented, “S&W is
proud to be on the leading edge of new breeding technologies with
this collaboration with Calyxt. We are excited to commercialize
this leading-edge technology, with this being just the first in a
pipeline of products for the alfalfa seed market.”
The improved quality alfalfa product is the first ever alfalfa
product to receive the non-regulated distinction from the USDA. The
collaboration between Calyxt and S&W Seed Company is focused on
providing enhanced traits in alfalfa seed varieties that can drive
improved productivity, while decreasing input costs to meet the
growing global demand for higher quality alfalfa products.
About CalyxtCalyxt, 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.
About S&W Seed CompanyFounded in 1980, S&W Seed
Company is a global agricultural Company, headquartered in the San
Joaquin Valley of California. The Company’s vision is to be the
world’s preferred proprietary seed Company which supplies a range
of forage and specialty crop products that supports the growing
global demand for animal proteins and healthier consumer diets. The
Company is a global leader in alfalfa seed, with significant
research and development, production and distribution capabilities.
S&W’s capabilities span the world’s alfalfa seed production
regions, with operations in the Western United States, including
the San Joaquin and Imperial Valleys of California, Australia, and
Canada, and S&W sells its seed products in more than 30
countries around the globe. The Company also provides hybrid
sorghum and sunflower, and is utilizing its research and breeding
expertise to develop and produce stevia, the all-natural, zero
calorie sweetener for the food and beverage industry. For more
information, please visit www.swseedco.com.
Calyxt Forward-Looking StatementsThis communication
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 “may,” “might,” “will,”
“should,” “expects,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” “potential” or “continue,” the negative of
these terms and other comparable terminology. These forward-looking
statements, which are subject to risks, uncertainties and
assumptions about us, may include projections of our future
financial performance, our anticipated growth strategies and
anticipated trends in our business. These statements are only
predictions based on our current expectations and projections about
future events. There are important factors that could cause our
actual results, level of activity, performance or achievements to
differ materially from the results, level of activity, performance
or achievements expressed or implied by the forward-looking
statements, including those factors discussed under the caption
entitled “Risk Factors” in our registration statement on Form S-1,
along with our other filings with the U.S. Securities and Exchange
Commission. We do 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
securities and other applicable laws.
S&W Forward-Looking StatementsThis release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
Forward-looking statements in this release include statements
regarding future research and development activities, product
development and sales of newly-developed products, among others.
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risk that we may not
achieve our expected results, risks associated with our
distributors' abilities to effectively distribute and market our
products, risks associated with our ability to successfully
commercialize, optimize and diversify our business, and risks
related to factors beyond our control that may impact market prices
or demand for our products. These and other risks are identified in
our filings with the Securities and Exchange Commission, including
without limitation our Annual Report on Form 10-K for the fiscal
year ended June 30, 2017 and in our other filings subsequent made
with the Securities and Exchange Commission. All forward-looking
statements contained in this press release speak only as of the
date on which they were made and are based on management's
assumptions and estimates as of such date. The Company does not
undertake any obligation to publicly update any forward-looking
statements, whether as a result of the receipt of new information,
the occurrence of future events or otherwise.
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CalyxtMedia contactsJennifer Moore, Phone:
917-580-1088VP Communicationsemail: media@calyxt.comorKCSA
Strategic CommunicationsCaitlin Kasunich / Nick Opich212.896.1241 /
212.896.1206email: ckasunich@kcsa.com / nopich@kcsa.comorInvestor RelationsSimon
Harnest, Phone: 646-385-9008VP Corporate Strategy and Financeemail:
simon.harnest@cellectis.comorS&W Seed CompanyInvestor
RelationsLytham Partners, LLCRobert Blum / Joe Dorame / Joe
Diaz602.889.9700Email: sanw@lythampartners.comorS&W Seed
CompanyMatthew Szot, 559.884.2535CFO
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