Agreement to Develop Herbicide-tolerant Wheat
January 9, 2009| |
Arcadia Biosciences, Inc, an agricultural technology company based in California, USA, has inked a research and commercial development agreement with Targeted Growth, Inc. (TGI) for the development of herbicide-tolerant wheat. TGI receives exclusive global rights to the use of Arcadia’s herbicide-tolerant wheat plants developed through advanced genetic screening technology. In turn, Arcadia receives an upfront payment, milestone payments and a share of commercial sales.
"Herbicide-resistant crops deliver a distinct benefit to growers and to the environment by increasing crop yields and reducing the need to till the soil. Considering that wheat is the world’s largest acreage crop and that herbicide-resistant varieties are not yet commercially available, we see a significant opportunity to help wheat growers increase farm yields and profitability while minimizing overall environmental impact,” said Eric Rey, president and CEO of Arcadia.
See Arcadia's media release at http://www.arcadiabio.com/pr_0033.php
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