Yield10 Bioscience Expands Research License with Bayer for Evaluation of a Novel C3004 Yield Trait Gene in Soybean
August 19 2019 - 8:30AM
Yield10 Bioscience, Inc. (Nasdaq:YTEN), an agricultural bioscience
company that uses its “Trait Factory” to develop high value seed
traits for the agriculture and food industries, today announced
that it has expanded its non-exclusive research license with Bayer
for soybean crop research to include a new discovery related to its
C3004 yield trait gene.
Yield10 is developing C3003 and C3004 as novel yield trait genes
to increase seed yield in commercially important crops. Under
the amended research license, Bayer will have access to these new
developments from Yield10’s C3004 program and new advanced
technology related to the C3004 trait and its potential to increase
seed yield.
“The early development work reported by Yield10 last year
utilizing advanced technology for C3004 is promising, so we look
forward to seeing if the results translate well in soybean crops,”
said Scott Knight, Ph.D., Director of Genome Editing and Yield,
Disease and Quality Research at Crop Science, a division of Bayer.
“We continue to be impressed by Yield10’s capabilities and approach
to identifying novel yield traits for oilseed crops. Bayer is
committed to developing tailored solutions that meet the needs of
farmers, while reducing modern agriculture’s environmental
impact.”
“We are very pleased with the progress made by the Bayer team in
the evaluation of C3003 in their soybean program and appreciate the
expansion of our relationship to bring Yield10’s C3004 technology
into their testing program in 2019,” said Oliver Peoples, Ph.D.,
Chief Executive Officer of Yield10 Bioscience. “Our team looks
forward to supporting Bayer with further insights from our ongoing
evaluation of C3003 and C3004 in key crops, and we remain committed
to contributing to their success with the technology.”
Soybean is an oilseed crop used for animal feed, food, and food
additives. It is the second highest value agricultural crop in the
United States with the 2018 harvest estimated by USDA at over 4.5
billion bushels and a value of approximately $39 billion. Soybeans
are widely cultivated in North and South America where a majority
of the seed is genetically modified for crop enhancements, such as
increased yield or pest resistance. Demands for agriculture are
growing and evolving along with the global population, including
increasing numbers who qualify as middle class, and shifting diets.
As a result, increases in commodity crop yields are needed to keep
pace with increased global demand for food security as well as to
positively impact crop yield by reducing agriculture’s existing
carbon footprint.
Yield10 has previously shown that targeting C3003, a gene trait
derived from algae, can produce increases in seed yield in oilseed
crops, including canola. C3004, a Camelina plant gene, may increase
activity in the C3003 plants. In 2018, Yield10 reported that
Camelina plants engineered only with increased activity of a novel
C3004 gene produced significant increases in seed yield as well as
increased vigor and branching in many of the plant lines tested in
growth chamber studies. The exact role of C3004 is still being
evaluated by Yield10.
About Yield10
Bioscience
Yield10 Bioscience, Inc. is an agricultural bioscience company
which uses its “Trait Factory” to develop high value seed traits
for the agriculture and food industries to achieve step-change
improvements in crop yield to enhance global food security and
develop specialty crop products. Yield10 has an extensive track
record of innovation based around optimizing the flow of carbon in
living systems. The “Trait Factory” has two components: the “GRAIN”
computational modeling platform, which is used to identify specific
gene changes designed to improve crop performance, and the
deployment of those changes into crops using genome-editing or
traditional agricultural biotechnology approaches. The purpose of
the “Trait Factory” is to engineer precise alterations to gene
activity and the flow of carbon in plants to produce higher yields
with lower inputs of land, water or fertilizer. Yield10 is
advancing several yield traits it has developed in crops such as
canola, soybean, rice, wheat and corn. Yield10 is headquartered in
Woburn, MA and has an Oilseeds Center of Excellence in Saskatoon,
Canada.
For more information about the Company, please visit the website
and follow the Company on Twitter and LinkedIn.
(YTEN-G)
Safe Harbor for Forward-Looking
Statements
This press release contains forward-looking statements which are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements in this release do not constitute guarantees of future
performance. Investors are cautioned that statements in this press
release which are not strictly historical, including, without
limitation, that C3003 and C3004 may increase seed yield in
commercially important crops, that the early development work
reported by Yield10 last year utilizing advanced technology for
C3004 may translate to soybean crops, and that C3004 may increase
activity in the C3003 plants, constitute forward-looking
statements. Such forward-looking statements are subject to a number
of risks and uncertainties that could cause actual results to
differ materially from those anticipated, including the risks and
uncertainties detailed in Yield10 Bioscience's filings with the
Securities and Exchange Commission. Yield10 assumes no obligation
to update any forward-looking information contained in this press
release or with respect to the matters described herein.
Contacts:
Yield10 Bioscience:Lynne H. Brum, (617) 682-4693,
LBrum@yield10bio.com
Investor Relations: Bret Shapiro, (561) 479-8566,
brets@coreir.comManaging Director, CORE IR
Media Inquiries: Eric Fischgrund, eric@fischtankpr.com FischTank
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