GIVAT HEN, Israel, June 16, 2021 /PRNewswire/ -- PlantArcBio, a
leading gene discovery biotech company, announced today a new
collaboration agreement with Bioceres Crop Solutions Corp.
("Bioceres") (NASDAQ: BIOX), a fully-integrated global provider of
crop productivity solutions designed to enable the transition of
agriculture towards carbon neutrality, for the development of
improved biomass & drought tolerant Alfalfa, leveraging
PlantArcBio's identified genes and Bioceres expertise in
development of drought tolerant crops.
In this collaboration, PlantArcBio has granted Bioceres the
exclusive licensing rights to its leading biomass & drought
resistance genes for Alfalfa worldwide; those genes were discovered
by PlantArcBio in soil samples taken from the Dead Sea and have
already proven their impact on biomass increase and drought
resistance in several crops to date. Bioceres will develop Alfalfa
varieties incorporating those traits and will commercialize them
through its global leading presence. The agreement is contingent
upon the successful incorporation of the genetic traits.
Today, Bioceres has developed a pipeline of alfalfa technologies
currently at different stages of development, including drought
tolerance, increased biomass and improved plant architecture. HB4
Alfalfa (drought tolerance) and different crop protection platforms
are all entering regulatory stage.
Alfalfa is the most valuable forage crop worldwide due to its
high quality as an animal feed and is planted on more than 30
million hectares worldwide, the United
States being the largest producer. Alfalfa hay demand is
largely driven by its high nutrient content as it is a rich source
for protein and energy that helps improve: the lactation,
reproduction, maintenance and growth of livestock. The demand for
alfalfa is predicted to continue increasing in the near future and
to meet this need, alfalfa producers must be effective in providing
large quantities of high-quality alfalfa while using natural
resources, especially water, in a highly efficient way. The global
market for alfalfa hay is expected to grow at a CAGR of 5.89% to a
market size of US$20.6 billion in
2025, from US$14.6 billion in 2019
(Research and Markets, 2020).
About Bioceres
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is a
fully integrated global provider of crop productivity technologies
designed to enable the transition of agriculture towards carbon
neutrality. To do this, Bioceres' solutions create economic
incentives for farmers and other stakeholders to adopt
environmentally friendlier production practices. The Company has a
unique biotech platform with high-impact, patented technologies for
seeds and microbial ag-inputs, as well as next generation crop
nutrition and protection solutions. Through its HB4® program, the
Company is bringing digital solutions to support growers' decisions
and provide end-to-end traceability for production outputs. For
more information, click here.
About PlantArcBio
PlantArcBio Ltd. (TASE: PLNT)
(https://www.plantarcbio.com/) is a leading biotechnology company
for the improvement of crop yield and plant performance aiming to
increase stability and security in the global food market. Using
its own unique and highly innovative Direct In Plant (DIP™) gene
discovery platform, the company works to improve seed traits for
both conventional and biotech applications. PlantArcBio focuses on
four key market segments: yield and abiotic stresses (environmental
stresses); insect resistance; herbicide tolerance; and disease
control.
Contact details:
Info@Plantarcbio.com
+972-547-787-456
View original
content:http://www.prnewswire.com/news-releases/plantarcbio-announces-collaboration-agreement-with-bioceres-crop-solutions-to-develop-improved-biomass--drought-tolerant-alfalfa-301313722.html
SOURCE PlantArcBio; Bioceres Crop Solutions Corp.