AgBiome, leading agricultural research firm, and Genective, the top creator of biotech crops, recently announced that the two companies have created a strategic collaboration to further the development of innovative crops that are insect resistant.
Both of the companies have the same vision for the agriculture industry.
"Growers need new traits for insect control to counter the realities of advancing insect resistance,” Eric Ward, the co-chief executive officer at AgBiome, said. “We are pleased to partner with Genective, aligning AgBiome's unique insect control technology with Genective's capability in developing transgenic traits.”
The two leading
organizations believe that genetically modified organisms (GMOs) are a
crucial solution for the problems that face agriculture today and in the
future. Many believe that GMOs are the solution for world hunger and
the economy of the agricultural industry. Farmers anticipate the changes
that this partnership will bring.
"Our success in developing corn traits, combined with AgBiome's unique pipeline for identifying a vast number of new candidate trait genes, will offer the seed industry a potential range of novel and critically needed products,” Bruce Lee, the CEO of Genective, said.
Neither company has revealed the details of the terms and rights that each partner is to gain through the partnership.