Dow AgroSciences Partnering With Arcadia Biosciences
(Image Courtesy of Dow AgroSciences LLC)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Dow AgroSciences LLC has inked a collaborative agreement with a California agricultural genetics company. The deal with Arcadia Biosciences Inc. (Nasdaq: RKDA) involves development and commercialization of new corn yield traits.
Those characteristics include nutrient and water-use efficiency, as well as several traits that have cleared advanced field trial stages by Dow AgroSciences. The collaboration will also involve use of The Dow Chemical Co. subsidiary’s EXZACT Precision Technology Platform. Both parties will fund certain development costs and share in commercial benefits of resulting traits.
Dow AgroSciences Vice President of Research and Development Daniel Kittle says "developing crops with enhanced agronomic performance is technically difficult, making relationships with companies like Arcadia important as we rise to the challenge and advance technology that will help meet the needs of the future."
Arcadia Chief Executive Officer Eric Rey says "this collaboration reflects the unique nature of Arcadia’s business model, expanding our access to new technologies in new markets with an established leader in agriculture. Dow AgroSciences is one of the most respected names in our industry, with a strong position in corn input traits. Dow’s experience in the corn market, coupled with its rich pipeline of insect resistance and herbicide tolerant traits, are a perfect complement to Arcadia’s agronomic yield and stress tolerant traits. Together, we can accelerate the development of robust trait stacks that deliver significant added value to growers."
Dow Chemical announced last month it was exploring all options regarding the future of Dow AgroSciences and said it is a "highly attractive and well-positioned business." Last week, Arizona-based Gowan Co. LLC detailed the acquisition of Dow AgroSciences’ DNA herbicide portfolio.