PlantEdit and ToolGen announce the agreement for collaboration for developing genome edited plant products
October 23, 2017 Monday
Cork, Ireland & Seoul, South Korea
PlantEdit, an agricultural company developing genome edited plants, and ToolGen Inc., a biotechnology company specializing in genome editing, announced today that the companies have reached a collaboration agreement for developing genome edited plant products. Based on the MOU, two companies cooperate for mutual benefit on research and development of new technologies for generating genome edited crops and commercialize the agricultural products based on the technology.
PlantEdit, an agri-biotech startup company funded by RebelBio/SOSV program, addresses the current global agricultural issues in a sustainable, eco-friendly and consumer oriented manner using cutting edge genome editing tools along with innovative transformation technology to make sustainable foods available for the future.
“Genome editing will be the most essential tool for the future agriculture business.” said C.N. KANCHISWAMY, chief executive officer of PlantEdit, “with this platform, we aim to produce plant products that beneficial for human health, environment and farmers.”
ToolGen is an early pioneer in genome editing research. ToolGen have developed genome editing platforms such as zinc finger nuclease and TALEN and one of the IP holder company of CRISPR/Cas9 technology.
Jongmoon Kim, chief executive officer of ToolGen said “We are pleased to announce our agreement with PlantEdit. We are looking forward to working together to build new and exciting opportunities in agricultural business.”
Genome editing including recent CRISPR/Cas9 technology enables free and efficient editing of genetic information in various species. This technology is very precise and significantly reduce time and cost for developing new breed of crop compared to traditional breeding or mutation breeding mediated by radiation of chemical. Particularly, PlantEdit is known to have developed DNA-free genome editing technology. This technology leaves no trace of foreign genetic elements, thus, the products get benefit in terms of safety and regulation issues.
Additional terms of the MOUs were not disclosed.
About ToolGen Inc.:
ToolGen, Inc. is a biotechnology company focused on the development and application of genome editing technologies. It creates, and holds intellectual property rights for essential tools and technologies for editing the genetic information in microbial, plant, animal, and human cells. ToolGen’s mission is to translate the potential of our innovative platform technology into transformative products for biomedicine and agriculture. For more information, please visit http://www.toolgen.com.
Plantedit Pvt Ltd is biotechnology company producing GMO-free, eco-friendly, sustainable healthier food for human welfare using next-generation genome editing tools along with innovative transformation technology.
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