Yield10 Bioscience Announces Notice of Allowance for U.S. Patent Covering Crop Yield Trait C3003
April 23 2019 - 8:30AM
Yield10 Bioscience, Inc. (Nasdaq:YTEN), an agricultural bioscience
company which uses its “Trait Factory” to develop high value seed
traits for the agriculture and food industries, today announced
that it has received a Notice of Allowance from the U.S. Patent and
Trademark Office allowing a patent application covering the use of
C3003 to improve seed yield in crops.
The Notice of Allowance relates to U.S. patent application No.
2016/032,6541 entitled “Plants with enhanced photosynthesis and
methods of manufacture thereof.” Yield10 is the exclusive licensee
of this intellectual property from The University of Massachusetts.
The C3003 yield trait is based on a transporter gene derived from
algae that can be used to increase seed yield in plants. C3003 is
believed to play a role in carbon capture and directing carbon to
seed. Yield10 is testing C3003 as a technology to increase seed
yield in major crops including Camelina, canola, soybean and corn.
Further work by Yield10 with C3003 has produced additional
discoveries including C3004, a promising novel yield trait based on
a plant gene and potentially accessible through CRISPR
genome-editing. Yield10 filed a patent application on
discoveries related to C3004 in 2018.
“The C3003 seed yield trait represents an important cornerstone
of our intellectual property portfolio and technology platform,”
said Oliver Peoples, Ph.D., president and chief executive officer
of Yield10. “We have generated a series of encouraging results
testing C3003 in field studies of oilseed crops, including canola,
and will continue field evaluation this year. In addition, we
recently expanded the evaluation of C3003 as part of our early
development program in corn. We plan to continue to generate
intellectual property around our discoveries and form
collaborations to advance development and commercialization of our
traits in the major commercial crops.”
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. 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
www.yield10bio.com.
(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, whether C3003 can be used to increase seed yield in
plants, and whether C3004 may be accessible through CRISPR
genome-editing, 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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