Cibus Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024
This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies,
“We are extremely proud to be recognized by
Cibus has celebrated several key milestones over the last 12 months. In the second quarter of 2023, Cibus merged with
In 2023, Cibus transformed from its R&D origins to focus on the implementation of its commercial strategy – the commercialization of its three developed traits – Pod Shatter Reduction (PSR) in Canola, and its two herbicide tolerance traits in Rice (HT1 and HT3). In 2023 the Company successfully completed its first transfers of PSR in Canola and HT1 and HT3 in Rice to seed company customers. The Company also signed collaboration agreements for trait development with many major seed companies and achieved successful 2023 field trial results for its developed productivity traits.
Cibus also continues to make progress with its two advanced traits – Sclerotinia resistance and HT2 in Canola and Winter Oilseed Rape and extending its proprietary RTDS platform to the world’s major crops. In early 2024, Cibus announced a major breakthrough with the world’s first successful regeneration of Wheat plants from single cells. This demonstrated the Company’s continued success in developing scalable high-throughput breeding platforms that can operate as extensions of seed company breeding programs. Cibus also continues to progress its Soybean platform, which underpins the development of its emerging sustainable ingredients business.
The World's Most Innovative Companies stands as
“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said
About the Cibus Trait Machine™ process and Rapid Trait Development System™
A key element of Cibus' technology breakthrough is its high-throughput breeding process (referred to as the Trait Machine™ process). The Trait Machine process is a crop specific application of Cibus' patented Rapid Trait Development System™ (RTDS®). The proprietary technologies in RTDS integrate crop specific cell biology platforms with a series of gene editing technologies to enable a system of end-to-end crop specific precision breeding. It is the core technology platform for Cibus' Trait Machine process: the first standardized end-to-end semi-automated crop specific gene editing system that directly edits a seed company's elite germplasm. Each Trait Machine process requires a crop specific cell biology platform that enables Cibus to edit a single cell from a customer's elite germplasm and grow that edited cell into a plant with the Cibus edits. Cibus has a Trait Machine process developed for canola and rice and has already begun transferring their elite germplasm with Cibus edits back to customers.
The traits from Cibus' RTDS-based high-throughput breeding system are indistinguishable from traits developed using conventional breeding or from nature. RTDS does not use any foreign DNA or transgenes. Under the
Cibus believes that RTDS and the Trait Machine process represent the technological breakthrough in plant breeding that is the ultimate promise of plant gene editing: "high- throughput gene editing systems operating as an extension of seed company breeding programs."
Because the Trait Machine process is intended to be integrated into seed companies' breeding operations, the customer relationship between Cibus and seed companies with which it engages is a progressive relationship. Typically, the customer relationship is initiated with Cibus through the entry into a material transfer agreement pursuant to which seed companies transfer elite germplasm lines to Cibus for gene editing and delivery back to the seed company for pre-commercialization testing and validation. Accordingly, Cibus refers to seed company "customers" in its disclosure once such a customer relationship has been initiated. At present, all of the Company's customers discussed in this press release are at this initial stage of a relationship. While this initial stage of such customer relationships is a necessary prerequisite to the entry into a revenue generating commercial contract with such seed companies, currently, Cibus has certain customer relationships which include commercial contract terms, as well as others that are in various stages of development, including some in trait evaluation and/or field testing, however these have not yet generated revenue.
About Cibus
Cibus is a leader in Gene Edited Productivity traits that address critical productivity and sustainability challenges for farmers such as diseases and pests which the
About
Cibus Contacts:
Investor Relations
ktroeber@cibus.com
858-450-2636
jeff.sonnek@icrinc.com
Media Relations
colin@bioscribe.com
203-918-4347
Source: Cibus US LLC