Cibus Announced That The Company Is Moving Forward In The Next Step Of Commercialization Of Its Developed Traits
Portfolio Pulse from Benzinga Newsdesk
Cibus is advancing the commercialization of its HT1 and HT3 rice traits, which have shown tolerance to commercial herbicide rates in field trials. The company is preparing for a product launch by beginning field scale demonstrations in the US Mid-South. Additionally, Cibus's canola Pod Shatter Reduction (PSR) trait has demonstrated significant pod shatter reduction, meeting the Cibus Powered PSR standard. Multiple canola/WOSR seed developers are incorporating the PSR trait into their product lines, anticipating first sales.
January 17, 2024 | 12:11 pm
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POSITIVE IMPACT
Cibus is progressing towards the commercial launch of its HT1 and HT3 rice traits and canola PSR trait, with successful field trials and integration by seed developers.
The positive results from field trials and the integration of Cibus's traits by seed developers suggest a strong potential for commercial success. This could lead to increased revenues and market share for Cibus, positively impacting the stock price in the short term.
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