Calyxt’s High Fiber Wheat Deemed Non-Regulated by USDA
March 21 2018 - 4:30PM
Business Wire
Calyxt’s First Consumer-Centric Wheat
Product, and Seventh Product Overall, to Receive this
Designation
Calyxt, Inc. (NASDAQ:CLXT), a consumer-centric, food- and
agriculture-focused company, today announced that the Company’s
high fiber wheat product has been declared 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).
This is Calyxt’s first consumer-centric wheat product and second
wheat product (following Calyxt’s powdery mildew resistant wheat,
which received non-regulated status by the USDA in February 2016),
and seventh product overall, to be given this designation.
“Receiving this additional USDA letter for Calyxt’s high fiber
wheat is an important next step in bringing to market food crops
and plant based ingredients with the healthier characteristics for
consumers and food companies,” said Federico Tripodi, Calyxt CEO.
“As fiber is essential for healthy digestion, there has been a
strong demand in the market for great tasting high fiber products
due to their potential to not only decrease the risk of
food-related chronic diseases like coronary heart disease and
diabetes but also lower cholesterol as well as control weight gain.
Most adults only consume about half of the recommended amount of
fiber in their diet, and a single serving of Calyxt’s high fiber
flour may provide the recommended daily requirement.”
Calyxt’s high fiber wheat was developed using the Company’s
proprietary gene-editing technology, TALEN®, and does not contain
any foreign DNA. With this USDA confirmation, Calyxt will now
continue its trait validation in small- and large-scale field
trials and food application development. According to industry
sources, the wheat market in North America was estimated at 98
million tons in 2017, with approximately 43 percent used for human
consumption in the U.S. While traditional white flour is losing
ground, premium products including demand for fiber is estimated to
grow at a compound annual growth rate of 11.6% globally.
“Once commercialized, Calyxt’s high fiber wheat flour can be
used by food manufacturers to produce premium bakery and pasta
products that consumers regularly enjoy, like bread and macaroni,
all the while allowing them to potentially reach their daily fiber
requirement without changing existing food preferences,” added
Manoj Sahoo, Calyxt CCO. “On top of that, Calyxt’s high fiber wheat
flour will have up to three times more dietary fiber than standard
white flour, with enormous potential to disrupt the
multi-billion-dollar industry at large.”
Calyxt’s high fiber wheat is currently in Phase 1 of the
development process and on track for commercialization as early as
2020/2021. This product is now part of a total of seven Calyxt
products that have been deemed non-regulated by the USDA, including
powdery mildew resistant wheat, high oleic soybean, high oleic /
low linolenic soybean, improved quality alfalfa, cold storable
potato and reduced browning potato.
About Calyxt
Calyxt, Inc. is a consumer-centric, food- and
agriculture-focused company. Calyxt is pioneering a paradigm shift
to deliver healthier food ingredients, such as healthier oils and
high fiber wheat, for consumers and crop traits that benefit the
environment and reduce pesticide applications, such as disease
tolerance, for farmers. Calyxt develops non-transgenic crops
leveraging processes that occur in nature by combining its leading
gene-editing technology and technical expertise with its innovative
commercial strategy. 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.
Calyxt Forward-Looking Statements
This 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 Annual Report on Form 10-K, 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.
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For CalyxtMediaJennifer Moore, 917-580-1088VP
Communicationsmedia@calyxt.comorKCSA Strategic
CommunicationsCaitlin Kasunich / Nick Opich212-896-1241 /
212-896-1206ckasunich@kcsa.com / nopich@kcsa.comorInvestor
RelationsSimon Harnest, 646-385-9008VP Corporate Strategy and
Financesimon.harnest@calyxt.com
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