Yield10 Bioscience Provides Update On Recent Advancements In The Development Of Elite Herbicide Tolerant Camelina
Portfolio Pulse from Benzinga Newsdesk
Yield10 Bioscience, Inc. (NASDAQ:YTEN) has announced advancements in the development of herbicide tolerant Camelina, a crop used for production of low-carbon intensity feedstock oil for the biofuel market. The company is on track for a commercial launch of the first herbicide tolerant Camelina variety as early as 2025. Yield10 is also developing an herbicide package for Camelina, incorporating tolerance to broadleaf herbicide and soil residual Group 2 herbicides. The company has filed a request for Regulatory Status Review with USDA-APHIS Biotechnology Regulatory Services for its herbicide tolerant Camelina.
October 11, 2023 | 12:41 pm
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Yield10 Bioscience's advancements in herbicide tolerant Camelina development could potentially increase its market share in the biofuel industry. The commercial launch of the product in 2025 could boost the company's revenues.
The development of herbicide tolerant Camelina by Yield10 Bioscience could potentially increase its market share in the biofuel industry. The commercial launch of the product in 2025 could lead to increased revenues for the company. However, the impact on the stock price will depend on the market's perception of the potential profitability of this new product.
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