Origin Agritech Receives GMO Safety Certificate For Its Triple Stack Maize; Commercial Rollout To Begin Shortly
Portfolio Pulse from Benzinga Newsdesk
Origin Agritech Ltd. announced receiving a GMO safety certificate for its triple stack maize, BBL2-2, marking a significant milestone in agricultural biotechnology. The certification paves the way for the commercial launch of BBL2-2, which is resistant to various pests and has a herbicide-tolerance gene, promising to enhance agricultural productivity and sustainability. Additionally, Origin Agritech has developed a high-yield corn inbred line through gene editing, showing a yield increase of over 50%, now undergoing agricultural biosafety assessment.

May 09, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Origin Agritech Ltd. receives a GMO safety certificate for its BBL2-2 maize, enabling commercial launch and showcasing its leadership in agricultural biotechnology.
The issuance of a GMO safety certificate for Origin Agritech's BBL2-2 maize is a critical regulatory milestone that directly impacts the company's ability to commercialize this product. Given the product's potential to enhance agricultural productivity and sustainability, this news is likely to be viewed positively by investors and could lead to increased investor confidence in Origin Agritech's stock in the short term. The development of a high-yield corn inbred line through gene editing further reinforces the company's position in agricultural biotechnology, potentially contributing to future revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100