Ag-West
Biotech Inc. is pleased to announce an investment of
$200,000 over two years to help the establishment of Agrisoma
Biosciences Inc. in Saskatchewan. Agrisoma Biosciences Inc. is a
new spin-off company of Chromos Molecular Systems Inc.
headquartered in Burnaby BC. Chromos Molecular Systems Inc. is a
publicly traded biotechnology company working in the healthcare
sector that has developed a chromosome-based gene delivery and
expression system to enable the production and manufacture of
biopharmaceuticals for therapeutic use.
Agrisoma Biosciences Inc. is an early stage
biotechnology company focused on developing and commercializing
its chromosome-based gene transfer technology to enable the
discovery and development of high value traits in crops, like
grains with enhanced nutrition, and enable the production of
proteins in plant-based systems. A major limitation of
conventional gene transfer technologies is their restricted
capacity to transfer large amounts of DNA, an important feature
to enable crops to express multiple traits or large complex
genes. Agrisoma’s technology overcomes this barrier.
"On behalf of the Government of Saskatchewan, I
welcome Agrisoma to our province," said Deputy Premier and
Minister of Agriculture, Food and Rural Revitalization Clay
Serby. "Saskatchewan – specifically, the City of Saskatoon – has
already established itself as the centre for agriculture
biotechnology in Canada. Today’s announcement illustrates the
continued expansion of this exciting industry, which also means
jobs and opportunities for Saskatchewan people."