UPDATE: Reported August 27, 2024, Bioceres Crop Solutions Received Green Light From USDA For Cultivation Of Drought Tolerant HB4 Wheat In The U.S.
Portfolio Pulse from Benzinga Newsdesk
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has received approval from the USDA for the cultivation of its drought-tolerant HB4 wheat in the U.S. The USDA's APHIS concluded that HB4 wheat does not pose an increased plant pest risk, allowing it to bypass certain regulations.
August 28, 2024 | 1:04 pm
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Bioceres Crop Solutions has received USDA approval for its HB4 wheat, a drought-tolerant variety, allowing it to be cultivated in the U.S. This regulatory approval could enhance Bioceres' market position and open new revenue streams.
The USDA approval is a significant regulatory milestone for Bioceres, allowing them to introduce their drought-tolerant wheat in the U.S. market. This could lead to increased sales and market expansion, positively impacting the stock price.
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