10/19/2012 8:59:41 AM
DAVIS, Calif. & MEXICO CITY & WASHINGTON--(BUSINESS WIRE)--Arcadia Biosciences, Inc., an agricultural technology company focused on developing technologies and products that benefit the environment and human health, the International Maize and Wheat Improvement Center (CIMMYT) and the U.S. Agency for International Development (USAID) today announced that they have signed an agreement to develop heat-tolerant wheat varieties using a range of classical breeding and modern molecular biology tools. Under the terms of the agreement, CIMMYT will receive non-exclusive rights in developing countries to Arcadia’s heat-tolerance technology developed under this agreement, and Arcadia will retain exclusive commercial rights in the developed world. Arcadia will lead the program under a $3.8 million grant from USAID. Heat-tolerant varieties from the program will allow wheat farmers in both developed and developing countries to maintain yields and satisfy ever-increasing demand for this key food grain in the face of rising global temperatures.
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