BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Agrisoma Biosciences Inc. Enters Into Collaboration Agreement With Dow Agrosciences


10/19/2005 5:09:13 PM

BURNABY, BC, and INDIANAPOLIS, IN, Sept. 29 /PRNewswire-FirstCall/ -- Agrisoma Biosciences Inc. ("Agrisoma") and Dow AgroSciences LLC ("Dow AgroSciences") announced today a collaboration agreement to research, develop and commercialize animal health products using Agrisoma's patented ACE System. Under the terms of the agreement, Agrisoma will apply its gene delivery and expression technology with Dow AgroSciences plant systems. Financial details of the agreement, which include upfront and milestone payments, research funding and royalties, were not disclosed.

"This alliance with Dow AgroSciences is important to Agrisoma because it validates the growing interest in the market for selecting the ACE System as a robust and innovative tool to transfer and express genes in plant systems," said Agrisoma President and CEO, Tom Mamic. "This is the first commercial agreement whereby the ACE System is being employed in a plant-based application, and we are pleased that it is being executed with a leading agricultural sciences company such as Dow AgroSciences. This collaboration will provide a solid foundation for our platform technology to become the gene delivery and expression vehicle of choice for the development of value enhanced crops and plant-made proteins."

"Dow AgroSciences plant-made protein capabilities will be broadened by accessing Agrisoma's technology," said Butch Mercer, global business leader, Animal Health and Food Safety for Dow AgroSciences. "We believe this collaboration could potentially provide us with the ability to significantly decrease our time to market for engineered plants through the ACE System's ability to simultaneously introduce and express multiple genes into plants, offering a powerful tool in the production of proteins."

About Agrisoma --------------

Agrisoma Biosciences Inc. is a private biotechnology company developing a chromosome-based gene delivery and expression platform in plant-based systems. Founded in 2001 as a spin-off from Chromos Molecular Systems Inc., and owning an exclusive license to technology developed since 1996, Agrisoma offers an innovative approach to the development of value enhanced crops and the production of industrial and therapeutic proteins.

Agrisoma's technology is a gene delivery and expression platform capable of simultaneously introducing multiple genes into known sites in plants in an efficient and predictable way. Once delivered, these genes exhibit stable and predictable expression from generation to generation enabling the creation of value enhanced crops and plants optimized for the production of industrial and therapeutic proteins. Agrisoma's technology overcomes the limitations of conventional gene transfer technologies in crops which include reduced efficiency due to random integration of genes, and limited capacity to transfer large amounts of DNA, an important feature to enable crops to express multiple traits or large complex genes.

About Dow AgroSciences LLC --------------------------

Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a global leader in providing pest management, agricultural seed and biotechnology products that improve the quality and quantity of the earth's food supply and contribute to the health and quality of life of the world's growing population. Dow AgroSciences has approximately 5700 people in more than 50 countries dedicated to its business, and has worldwide sales of US $3 billion. Dow AgroSciences is a wholly owned indirect subsidiary of The Dow Chemical Company. For more information about Dow AgroSciences, visit http://www.dowagro.com/.

Note: Certain of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

For further information, please contact: Agrisoma contact: Tom Mamic, CA President and CEO Agrisoma Biosciences Inc. Tel: (604) 415-7120 Fax: (604) 415-7151 Email: tmamic@agrisoma.com Website: http://www.agrisoma.com/ Dow AgroSciences contact: Robyn Heine Corporate Communications Dow AgroSciences Tel: (317) 337-4807 Fax: (317) 337-4880 Email: rheine@dow.com Website: http://www.dowagro.com/

Chromos Molecular Systems Inc.

CONTACT: Agrisoma contact: Tom Mamic, CA, President and CEO, AgrisomaBiosciences Inc., Tel: (604) 415-7120, Fax: (604) 415-7151, Email:tmamic@agrisoma.com, Website: http://www.agrisoma.com/; Dow AgroSciences contact:Robyn Heine, Corporate Communications, Dow AgroSciences, Tel: (317) 337-4807,Fax: (317) 337-4880, Email: rheine@dow.com, Website: http://www.dowagro.com/



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES