Dow AgroSciences and Arcadia Biosciences Developing, Commercializing Improved Wheat Quality Trait
Under the collaboration, the companies will further develop and commercialize an improved wheat quality trait, which has completed initial field trials and is advancing to next-stage field trials. Dow AgroSciences will introgress Arcadia’s trait into its proprietary elite germplasm lines and manage all aspects related to the trait commercialization. Certain development costs will be co-funded under the collaboration agreement, and the commercial value will be shared by Arcadia and Dow AgroSciences.
“Wheat is a staple crop around the globe, and our scientific expertise can help improve the nutritional profile and quality of this important crop by enhancing its value for human health and consumption while also enabling farmers to produce an added value crop,” said Rolando Alegria, global business leader, wheat, forages and sorghum, Dow AgroSciences.
“This collaboration reflects the unique nature of Arcadia’s business model, expanding our access into the growing market of improved nutrition traits with an established leader in agriculture,” said Raj Ketkar, president and CEO of Arcadia Biosciences. “Dow AgroSciences’ experience in value-added crops is a perfect complement to Arcadia’s portfolio of nutritional quality traits. Together, we can accelerate the development and commercial deployment of improved nutrition crop traits to deliver significant added value to growers, food manufacturers and consumers.”
Specific financial and trait details of the collaboration were not disclosed.
About Arcadia Biosciences, Inc.
Based in Davis, Calif., Arcadia Biosciences (Nasdaq: RKDA) develops agricultural products that create added value for farmers while benefitting the environment and enhancing human health. Arcadia’s agronomic performance traits, including Nitrogen Use Efficiency, Water Use Efficiency, Salinity Tolerance, Heat Tolerance and Herbicide Tolerance, are all aimed at making agricultural production more economically efficient and environmentally sound. Arcadia’s nutrition traits and products are aimed at creating healthier ingredients and whole foods with lower production costs. For more information, visit www.arcadiabio.com.
About Dow AgroSciences
Dow AgroSciences discovers, develops, and brings to market crop protection and plant biotechnology solutions for the growing world. Based in Indianapolis, Indiana, USA, Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical Company and had annual global sales of $6.2 billion in 2016. Learn more at www.dowagro.com. Follow Dow AgroSciences on Facebook, Twitter, LinkedIn, and Google+, or subscribe to our News Release RSS Feed.
®™Trademark of The Dow Chemical Company (“Dow”) or an affiliated company of Dow.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to Arcadia’s strategic partnership with Dow AgroSciences to develop and commercialize agricultural traits. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: Arcadia’s and its partners’ and affiliates’ ability to develop commercial products incorporating its traits, including healthy grain traits, and complete the regulatory review process for such products; Arcadia’s compliance with laws and regulations that impact the company’s business, and changes to such laws and regulations; Arcadia’s future capital requirements and ability to satisfy its capital needs; and the other risks set forth in Arcadia’s filings with the Securities and Exchange Commission from time to time, including the risks set forth in Arcadia’s annual report on Form 10K for the year ended December 31, 2016 and other filings. These forward-looking statements speak only as of the date hereof, and Arcadia Biosciences, Inc. disclaims any obligation to update these forward-looking statements.
ContactsArcadia Biosciences
Jeff Bergau, 312-217-0419
jeff.bergau@arcadiabio.com
or
Dow AgroSciences
Kenda Resler Friend, 317-337-4743
kresler@dow.com
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Combined Expertise to Accelerate Development and Commercialization
of New Crop Trait Focused on Improved Nutrition
DAVIS, Calif. & INDIANAPOLIS–(BUSINESS WIRE)–Arcadia Biosciences, Inc. (Nasdaq: RKDA) and Dow AgroSciences LLC, a
wholly owned subsidiary of The Dow Chemical Company (NYSE: DOW), today
announced a collaboration to jointly develop and commercialize a
breakthrough improved wheat quality trait in North America. The
collaboration leverages Arcadia’s leading non-GM TILLING trait
development platform with Dow AgroSciences’ enabling technology
platforms, high-quality elite germplasm and global commercial channels.
Under the collaboration, the companies will further develop and
commercialize an improved wheat quality trait, which has completed
initial field trials and is advancing to next-stage field trials. Dow
AgroSciences will introgress Arcadia’s trait into its proprietary elite
germplasm lines and manage all aspects related to the trait
commercialization. Certain development costs will be co-funded under the
collaboration agreement, and the commercial value will be shared by
Arcadia and Dow AgroSciences.
“Wheat is a staple crop around the globe, and our scientific expertise
can help improve the nutritional profile and quality of this important
crop by enhancing its value for human health and consumption while also
enabling farmers to produce an added value crop,” said Rolando Alegria,
global business leader, wheat, forages and sorghum, Dow AgroSciences.
“This collaboration reflects the unique nature of Arcadia’s business
model, expanding our access into the growing market of improved
nutrition traits with an established leader in agriculture,” said Raj
Ketkar, president and CEO of Arcadia Biosciences. “Dow AgroSciences’
experience in value-added crops is a perfect complement to Arcadia’s
portfolio of nutritional quality traits. Together, we can accelerate the
development and commercial deployment of improved nutrition crop traits
to deliver significant added value to growers, food manufacturers and
consumers.”
Specific financial and trait details of the collaboration were not
disclosed.
About Arcadia Biosciences, Inc.
Based in Davis, Calif., Arcadia Biosciences (Nasdaq: RKDA) develops
agricultural products that create added value for farmers while
benefitting the environment and enhancing human health. Arcadia’s
agronomic performance traits, including Nitrogen Use Efficiency, Water
Use Efficiency, Salinity Tolerance, Heat Tolerance and Herbicide
Tolerance, are all aimed at making agricultural production more
economically efficient and environmentally sound. Arcadia’s nutrition
traits and products are aimed at creating healthier ingredients and
whole foods with lower production costs. For more information, visit www.arcadiabio.com.
About Dow AgroSciences
Dow AgroSciences discovers, develops, and brings to market crop
protection and plant biotechnology solutions for the growing world.
Based in Indianapolis, Indiana, USA, Dow AgroSciences is a wholly owned
subsidiary of The Dow Chemical Company and had annual global sales of
$6.2 billion in 2016. Learn more at www.dowagro.com.
Follow Dow AgroSciences on Facebook,
Twitter,
LinkedIn,
and Google+,
or subscribe to our News
Release RSS Feed.
®™Trademark of The Dow Chemical Company (“Dow”) or an affiliated company
of Dow.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to Arcadia’s strategic partnership with
Dow AgroSciences to develop and commercialize agricultural traits.
Forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially, and reported results
should not be considered as an indication of future performance. These
risks and uncertainties include, but are not limited to: Arcadia’s and
its partners’ and affiliates’ ability to develop commercial products
incorporating its traits, including healthy grain traits, and complete
the regulatory review process for such products; Arcadia’s compliance
with laws and regulations that impact the company’s business, and
changes to such laws and regulations; Arcadia’s future capital
requirements and ability to satisfy its capital needs; and the other
risks set forth in Arcadia’s filings with the Securities and Exchange
Commission from time to time, including the risks set forth in Arcadia’s
annual report on Form 10K for the year ended December 31, 2016 and other
filings. These forward-looking statements speak only as of the date
hereof, and Arcadia Biosciences, Inc. disclaims any obligation to update
these forward-looking statements.
Contacts
Arcadia Biosciences
Jeff Bergau, 312-217-0419
jeff.bergau@arcadiabio.com
or
Dow
AgroSciences
Kenda Resler Friend, 317-337-4743
kresler@dow.com
