Calyxt executes first trait license agreement with S&W Seed Company on alfalfa product

November 7, 2020 |

In Minnesota, Calyxt reported third quarter 2020 revenue increases of 77% to $5.2 million year-on-year, significant progress on soybean product transition plan, a first trait license agreement with S&W Seed Company for alfalfa, and cash runway extended into the second half of 2022.

Based on long-term U.S. sales projections, the license agreement could potentially generate more than $10M of license revenue over the life of the pending patent for the trait.

The enhanced trait gives farmers the opportunity to produce alfalfa forage for livestock with improved digestibility, which may lead to greater animal performance. The trait is designed to result in a higher value alfalfa produced on the same acre with the same inputs, putting greater profitability in the hands of the farmer.

IQ Alfalfa adds value to the market as a high-quality alfalfa with a strong yield that delivers benefits to growers as well as the dairy and cattle industries.

Category: Fuels

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