U.S. markets close in 2 hours 26 minutes
  • S&P 500

    4,419.43
    +16.77 (+0.38%)
     
  • Dow 30

    34,974.39
    +181.72 (+0.52%)
     
  • Nasdaq

    14,878.03
    +97.50 (+0.66%)
     
  • Russell 2000

    2,229.02
    +32.70 (+1.49%)
     
  • Crude Oil

    69.12
    +0.97 (+1.42%)
     
  • Gold

    1,809.30
    -5.20 (-0.29%)
     
  • Silver

    25.29
    -0.17 (-0.67%)
     
  • EUR/USD

    1.1840
    -0.0003 (-0.02%)
     
  • 10-Yr Bond

    1.2150
    +0.0310 (+2.62%)
     
  • GBP/USD

    1.3935
    +0.0051 (+0.36%)
     
  • USD/JPY

    109.7700
    +0.3020 (+0.28%)
     
  • BTC-USD

    40,315.39
    +843.79 (+2.14%)
     
  • CMC Crypto 200

    995.98
    +20.09 (+2.06%)
     
  • FTSE 100

    7,120.43
    -3.43 (-0.05%)
     
  • Nikkei 225

    27,728.12
    +144.04 (+0.52%)
     

Cibus and GDM Establish Strategic Partnership to Deliver New Solutions for Soybean Farmers

·3 min read

Complementary expertise in trait production and soybean genetics combine to create economic and sustainable solutions for soybean seed companies and farmers

SAN DIEGO & BUENOS AIRES, Argentina, July 07, 2021--(BUSINESS WIRE)--Cibus, a leader in precision gene editing in agriculture, and GDM, a leading global soybean research company, today announced a strategic collaboration focused on developing and delivering new solutions for challenges faced by soybean farmers.

By integrating GDM’s world-leading soybean genetics with Cibus’ next-generation gene editing technology, this collaboration will create trait products designed to address the challenges of soybean seed companies and farmers. Soybeans represent one of the most-produced crops across the world, as the global demand for soybean oil and protein continues to increase. Soybean farmers need novel crop protection traits that can help control weeds, diseases and pests in cost-effective ways, while also moving toward more sustainable farming practices. With a rapidly growing global population and the environmental strains on arable land posed by climate change, the need for crop protection trait products that provide farmers with improved agronomic options for soybean production has never been more pressing than it is today.

"Soybean production has continued to grow steadily for decades and now exceeds 300 million acres globally. This, coupled with the stresses of dwindling global resources and environmental factors, creates demand for crop protection trait products that can increase yield and productivity – while still offering a sustainable option that does not exacerbate these issues to an even greater extent," said Peter Beetham, Ph.D., President of Cibus. "In collaborating with GDM – the leader in soybean genetic innovation – we strive to provide the agricultural community with soybean crops that are more viable for farmers and our world alike."

One third of worldwide soybean production is made using GDM genetics, stemming from an innovative technology that combines data science, biotechnology and agricultural management for the continual genetic improvement of soybean crops. Cibus’ proprietary precision gene-editing technology, the Rapid Trait Development System™ (RTDS™), is a new breeding technique (NBT) that accelerates the processes underlying natural breeding for efficient and low-cost means to increase crop yields and reduce waste for the agricultural system. In leveraging and combining these complementary capabilities, Cibus and GDM will develop trait products designed to provide farmers with improved, cost-effective agronomic options to enhance soybean production.

"At GDM, our mission is focused on improving agricultural productivity worldwide – and our newly announced trait product partnership with Cibus falls perfectly in line with this vision," said Manuel Mihura, GDM’s Strategy and New Business Director. "As the world searches for higher yields, we remain committed to providing farmers and independent seed companies with the best genetics that will ensure those increased productivity goals are met without losing sight of the need for more sustainable options".

About Cibus

Cibus is a leading agricultural biotechnology company using its proprietary precision gene editing technologies to breed nature-identical, novel Crop Protection Trait Products. In addition to making crops healthier and able to better withstand and tolerate their changing environments, Cibus’ products reduce the use of chemicals and fuel inputs that are commonly used to address farming challenges such as diseases, insects and weeds. In doing so, Cibus' approach also enables higher yields, improved farming sustainability and reduces carbon input. Learn more at: www.cibus.com

About GDM

GDM is a global soybean genetics powerhouse. One out of every three planted acres in the world contains GDM genetics. With almost 40 years in the soybean breeding industry, GDM continues its quest to provide the market with the highest yielding soybean genetics. We have 16 breeding stations globally, 700 testing locations, and we test more than 1.5 million plots per year. Learn more at www.gdmseeds.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210707005276/en/

Contacts

Cibus Investor Relations Contact:
Karen Troeber
858-450-2636
ktroeber@cibus.com

Cibus Media Relations Contact:
Cassidy McClain
619-849-6009
cassidy.mcclain@canalecomm.com

GDM Contact:
Soledad Echagüe
+549+11+32431381
sechague@gdmseeds.com