Bioceres Crop Solutions Announces Regulatory Approval of HB4® Soy in China
April 29 2022 - 2:00PM
Business Wire
China´s Ministry of Agriculture clearance
enables import of soybeans produced using Bioceres´ drought
tolerance HB4® technology
Bioceres Crop Solutions Corp. (“Bioceres” or the “Company”)
(NASDAQ: BIOX), a fully-integrated global provider of crop
productivity solutions designed to enable the transition of
agriculture towards carbon neutrality, announced today that China´s
Ministry of Agriculture has publicly communicated its decision to
approve the import and use as a raw material of soybeans produced
using Bioceres´ proprietary drought tolerance technology, HB4®.
Beijing Da Bei Nong Science and Technology Group Co. Ltd.,
Bioceres´ partner leading the regulatory efforts in China,
confirmed the approval.
Argentina approved HB4® Soy for growth and consumption in 2015;
unrestricted commercialization of HB4 Soy seeds in Argentina had
been subject to Chinese import approval. HB4® Soy is now approved
for unrestricted growth and commercialization in the United States,
Canada, Brazil, Argentina and Paraguay, all together representing
roughly 85% of the global soybean trade.
The Company will provide further comments on the approval and
the impact on its business plans in the upcoming financial results
conference call scheduled for May 12th 8.30 am EDT.
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/20220429005622/en/
Investor Relations:
Rodrigo Krause Head of Investor Relations
investorrelations@biocerescrops.com
Chris Tyson Executive Vice President MZ Group – MZ North America
BIOX@mzgroup.us www.mzgroup.us
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