Rehovot, Israel and Paris, France
July 25, 2006
Evogene and Biogemma
announced today a collaboration to jointly develop commercial
corn lines with improved tolerance to drought.
Corn, one of the three global
crops which “feed the world”, matures during the peak summer
months and requires significant amounts of water for optimum
yield. Summer heat waves and drought spells are a major concern,
often significantly reducing corn yield and creating billions of
dollars in lost revenues for the growers. With the threat of
global warming, scientists are facing a major hurdle: creating a
more sustainable agriculture which will produce enough food with
less water in order to feed a constantly growing population.
Therefore, one of the most
attractive target traits in the agro-biotechnology field is
limiting yield losses in crops due to ‘less than optimal’
environmental conditions.
For the past few years Evogene has
been very active in this area. To date, and as part of Evogene’s
abiotic stress tolerance program, the company has identified a
set of novel gene candidates that have been shown to provide
high tolerance to adverse environmental conditions in a number
of model crops.
Drought resistance is known to be
one on the most difficult traits to assess. Biogemma has
developed different genomic approaches to define the best
product. It includes gene candidates, expression and germplasm
interaction in particular.
Ofer Haviv, President and CEO for
Evogene stated: “We have been extremely pleased with our
accomplishments to date in predicting and validating important
genes for abiotic stress, and look forward to collaborating with
Biogemma’s world class agrobiotechnology team in the development
of drought resistant corn.
Michel Debrand, CEO for Biogemma
“We have identified Evogene to be one of the most promising
biotech research companies, especially in the area of plants
tolerant to drought. Combining the expertise of Biogemma and
Evogene is extremely exciting. We believe we will be very
successful.
Biogemma is a leading biotech
company in Europe involved in Genomics applied to Field crops.
Result of the merger of the biotech activity of three major seed
business companies, and with the help of two financial
institutions, the company is developing R&D programs with its
partners, mainly in corn and wheat focused on biotic and abiotic
stresses and specialty grain compounds.
Evogene’s mission is to be a
world leader in delivering improved plant traits to the agbio
industry through the use of a continuously improving proprietary
platform combining state-of-the-art computational genomics,
molecular biology and advanced breeding methods. Evogene’s
current product development portfolio includes such
traits as abiotic stress tolerance and yield, enhancement of
cotton fiber quality; improving nitrogen use efficiency, and
plant manufacturing of therapeutic proteins. Until its spin-off
as a separate company in 2002, Evogene was the agbio division of
Compugen Ltd. (Nasdaq: CGEN). Evogene’s core in silico
technology was built on Compugen’s proprietary LEADS platform
and it maintains a license for its use in the agbio field. |