Des Moines, Iowa
June 17, 2003
Phytodyne, Inc.
today announced the grant of a United States
patent related to RetroGene™, the Company's retroviral
transformation system for plants.
The patent (6,559,359) was issued to Loyola University of
Chicago and is exclusively licensed to Phytodyne. The patent
includes broad claims covering SIRE-1, a plant retrovirus, for
the introduction of genetic information into soybeans and other
plant species. Phytodyne also has an exclusive license from Iowa
State University to another plant retrovirus. In 2001, broad
claims related to this second retrovirus were granted in a U.S.
patent (6,331,662).
"This recent patent strengthens Phytodyne's position as the
premier company in the development of plant retroviruses as a
plant transformation system," said Daniel Voytas, Phytodyne
chairman, CEO, and co-founder. "It expands the scope of
Phytodyne's patent estate by providing us substantial coverage
over the two families of retroviruses in plants."
"Our patent position helps free our customers from the
intellectual property uncertainties associated with current
transformation methods," said Jon Leafstedt, Phytodyne
president. "Our patent portfolio creates significant protection
for this new transformation technology while opening a wider
range of possibilities for Phytodyne and our customers to bring
important new seed products to world agriculture."
Phytodyne is the discoverer of retroviruses in plants and will
be the first to use plant retroviruses to transfer DNA to
plants. RetroGene will be effective for transforming whole
plants and will not require costly tissue culture and
regeneration of plants from cells - methods that produce
inconsistent results with current transformation technologies.
RetroGene will provide a more cost-effective means of plant
transformation that can be used on a wider range of crops than
current transformation methods.
Phytodyne recently announced a multi-year research collaboration
with BASF Plant Science GmbH, focused on the further development
of RetroGene, that will accelerate commercialization of valuable
soybean traits.
This is the fourth United States patent granted for Phytodyne's
genome modification technologies. Phytodyne has numerous patent
applications filed in the United States, with corresponding
applications in major industrial nations.
Phytodyne, Inc. is a biotechnology company with
advanced methods and significant expertise in the precision
engineering of plant genomes. The Company will employ its
technologies to develop proprietary traits and crops for
licensing to seed companies and the agricultural industry.
Phytodyne will provide contract research services for seed
companies and plant biotechnology firms and out-license its
technologies to companies for their in-house use. The speed,
accuracy, and flexibility of Phytodyne technologies, along with
strong intellectual property positions, will accelerate product
launch and reduce development costs while making possible
valuable new traits and products. Phytodyne is currently
collaborating with BASF Plant Sciences for development of novel
soybean varieties. |