Bioceres Crop Solutions Announces Regulatory Approval of Drought Tolerant HB4® Wheat by Brazil’s CTNBio
November 11 2021 - 2:07PM
Business Wire
Company Achieves Industry Milestone as
Approval Grants Headway Towards First-Ever Commercialization of
Biotech Wheat
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, has received import approval of the Company’s
HB4 Wheat flour for animal and human consumption from Brazil’s
Ministry of Agriculture, Livestock and Food Supply.
After a rigorous review process that included the use of OMICS
datasets to support the scientific safety evaluation of HB4 Wheat,
the Brazilian National Biosafety Commission (CTNBio) – an agency
that encompasses recognized scientists and diverse specialists –
unanimously endorsed biosafety conditions for flour obtained from
HB4 Wheat. The comprehensive regulatory process involved the
development of state-of-the-art methodologies by Bioceres, to
address allergenic risk concerns and demonstrate the safety
equivalence of HB4 wheat to its conventional counterpart.
This approval is a major step towards building climate resilient
agriculture systems that use wheat as a key component for crop
rotation. Wheat is a key staple for billions of people around the
globe, and a crop, that has remained orphan in the sphere of
biotechnology despite being planted in 200 million hectares
globally. In October of 2020, Argentina granted first approval of
HB4 Wheat ‘event’ for growth and consumption. The commercialization
of HB4 wheat in Argentina has been subject to Brazilian approval,
as Brazil is the main export market for Argentinean wheat
production. Argentina is the largest wheat producing country in the
southern cone resulting in an annual opportunity of 6-8 million
hectares.
Meaningful resources and efforts have backed this significant
milestone, which could not have been accomplished without the
continued support of Bioceres partner Tropical Melhoramento &
Genética, a Brazilian partner who lead the regulatory filings with
CTNBio and Florimond Desprez, the co-developer of HB4 Wheat and a
Bioceres partner in Trigall Genetics, the trust of our
shareholders, and the strong commitment of the teams involved in
the entire research, development and regulatory processes.
Bioceres has been scaling-up HB4 Wheat inventories through its
identity-preserved HB4 Program and is currently harvesting 55,000
hectares of the crop. Considering inventory availability for next
planting season and the significance of this regulatory milestone
regarding its commercial prospects, the Company will update the
investors community with 2022 acreage projections and business
opportunity in its next earnings call.
About Bioceres Crop Solutions Corp.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is a fully
integrated 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, visit here.
Forward-Looking Statements
This communication includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward-looking statements are based on management’s reasonable
current assumptions, expectations, plans and forecasts regarding
the Company’s current or future results and future business and
economic conditions more generally. Such forward-looking statements
involve risks, uncertainties and other factors, which may cause the
actual results, levels of activity, performance or achievement of
the Company to be materially different from any future results
expressed or implied by such forward-looking statements, and there
can be no assurance that actual results will not differ materially
from management’s expectations or could affect the Company’s
ability to achieve its strategic goals, including the uncertainties
relating to the impact of COVID-19 on the Company’s business,
operations, liquidity and financial results and the other factors
that are described in the sections entitled “Risk Factors” in the
Company's Securities and Exchange Commission filings updated from
time to time. The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements as predictions of future events. All forward-looking
statements contained in this release are qualified in their
entirety by this cautionary statement. Forward-looking statements
speak only as of the date they are or were made, and the Company
does not intend to update or otherwise revise the forward-looking
statements to reflect events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211111006003/en/
Investor Relations Contact Chris Tyson Executive Vice
President MZ Group – MZ North America (949) 491-8235
BIOX@mzgroup.us www.mzgroup.us
Bioceres Crop Solutions Rodrigo Krause Head of Investor
Relations investorrelations@biocerescrops.com
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