Calyxt Advances Herbicide-Tolerant Wheat and Improved Oil Composition Canola Product Candidates to Phase 1
Nine Product Candidates Now in Phase 1 or Higher Across Soybean, Wheat, Canola, Potato and Alfalfa Crops
Minneapolis-St. Paul, Minn., September 25, 2017 – Calyxt, Inc. (NASDAQ:CLXT), a consumer-centric, food- and agriculture-focused company, today announced that the Company’s herbicide-tolerant wheat, its third wheat product candidate, and improved oil composition canola, its first canola product candidate, have advanced to Phase 1. This latest milestone is reflective of Calyxt’s rapidly advancing product pipeline, powered by the Company’s proprietary gene editing technology TALEN®, as well as its deep expertise and innovation in the gene editing space.
“This advancement to Phase 1 for both of these product candidates marks yet another major step in Calyxt’s ongoing efforts to create healthier specialty food ingredients for consumers and agricultural productivity for farmers all over the country,” said Federico Tripodi, Calyxt CEO. “Canola and wheat represent major growth opportunities for the Company, and we look forward to continuing along the path of bringing these product candidates to market in a time- and cost-efficient manner.”
The herbicide-tolerant wheat candidate joins Calyxt’s high fiber and disease-resistant wheat pipeline and will provide another tool to help farmers manage weed resistance challenges to glyphosate and other herbicides. Additionally, Calyxt’s first canola product candidate will produce oil with an improved composition profile, all while retaining the same important characteristics of traditional canola oil.
With these phase advancements, Calyxt now has a total of nine product candidates in Phase 1 or higher across its five crops: soybeans, wheat, canola, potatoes and alfalfa.