DURHAM, NC–(BUSINESS WIRE)–February 10, 2022–
Pairwise, an American mission-driven food technology company that uses gene editing to develop new varieties of fruits and vegetables, and Tropic Biosciences (Tropic), a British agricultural technology company focused on tropical crops, announced an agreement that will provide access to core publishing technologies to extend its game-changing potential to critical crops with major global economic impact.
The Core Edition enables precise and targeted DNA modifications and will allow Tropic to further accelerate plant breeding innovation in coffee and banana crops. Pairwise originally licensed basic editing technologies from Harvard University and has proven the use of this technology in their portfolio, demonstrating the ability to transform and edit over 11 cultures to date. The precision that base editing offers has allowed Pairwise to access traits that were not achievable with prior editing technologies, unlocking a greater range of natural variation found in these cultures. This license agreement further extends the use of this technology to important tropical crops.
“As a mission-driven company, we believe it is imperative to forge alliances with other visionary companies that can extend our mission to build a healthier world,” said Ian Miller, Chief Development Officer of Pairwise. “This agreement with Tropic Biosciences is an important milestone in the development of new tropical crop varieties relied upon by billions of consumers and tens of millions of smallholder farmers, and further demonstrates the ability of our platform technologies to solve problems through plants. economy.”
“Gene editing is a unique type of one-generation innovation, and the addition of this powerful suite of core editing tools to the Tropic Biosciences toolkit will further support our efforts to address pressing challenges in bananas and coffee.” said Gilad Gershon, CEO of Tropic. “The agreement with Pairwise is exciting and will support our mission to bring important innovations to regions and growers that would greatly benefit from improved cultivation efficiency and improved environmental sustainability practices.”
Today, Tropic works on large tropical areas of bananas, coffee and rice, using its GEiGS® technology and other advanced breeding techniques. Given the twin pressures of climate change and disease, Tropic’s work could have a profound impact on more than 25 million coffee and banana farmers worldwide, and on the 400 million people who consume bananas and out of a billion people in the world who consume more than a million kilograms of coffee. per year.
Pairwise is currently developing new types of leafy greens, berries and cherries for consumers in the North American market. Additionally, Pairwise has a five-year, $100 million collaboration with Bayer Crop Science to advance gene editing tools in row crops. In February 2021, Pairwise raised $90 million in a successful Series B funding round, bringing total fundraising to $115 million when combined with the Series A funding round. In three years, the company has grown to over 130 employees with further growth expected in 2022.
Driven by the belief that healthy food should be consistently fresh, delicious and convenient, Pairwise brings together leaders in agriculture, technology and consumer foods to harness the transformative potential of new genomics technologies to create new innovative products. Pairwise strives to develop new crop varieties and partner with organizations that seek to drive innovation in the plant economy. The company was founded by Chief Executive Tom Adams and Chief Commercial Officer Haven Baker, with scientific co-founders J. Keith Joung, professor of pathology at Harvard Medical School, David Liu, director of the Merkin Institute of Transformative Technologies in Healthcare , and Vice Chairman of the Faculty of the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT. For more information, visit http://www.pairwise.com/.
About Tropic Biosciences
Tropic Biosciences is one of the world’s leading agricultural gene editing companies. Its team of over 120 professionals is focused on using a unique suite of genetic technologies (e.g. CRISPR, GEiGS®) to address some of the most critical agricultural and environmental challenges in the massive coffee, banana, and rice. For more information, visit http://www.tropicbioscience.com/.
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CONTACT: Laura McCarthy
KEYWORD: UNITED STATES CENTRAL AMERICA NORTH AMERICA NORTH CAROLINA
INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES ENVIRONMENT GENETIC HEALTH FOOD/BEVERAGE OTHER NATURAL RESOURCES RETAIL
SOURCE: In pairs
Copyright BusinessWire 2022.
PUBLISHED: 02/10/2022 11:14 AM/DISC: 02/10/2022 11:14 AM
Copyright BusinessWire 2022.