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Company Overview
Cibus Inc is an agricultural biotechnology company specializing in the development and commercialization of advanced crop traits. Utilizing its proprietary Rapid Trait Development System (RTDS®), the company leverages cutting‐edge gene editing technologies to create and license plant traits that address critical challenges in modern farming. These include improved herbicide tolerance, enhanced disease resistance, optimized weed management, and better nutrient utilization, all of which contribute to increased productivity and sustainable farming practices.
Innovative Technology and Process
Cibus has revolutionized traditional breeding methodologies by introducing a highly efficient, high-throughput system that integrates crop-specific cell biology with sophisticated gene editing tools. The company’s technology allows for multiple gene modifications in a single developmental cycle—significantly reducing the time and cost associated with conventional breeding programs. This capability not only accelerates trait development but also ensures that the resultant genetic modifications are indistinguishable from those produced through natural processes, thereby positioning Cibus distinctively within the agricultural biotechnology landscape.
Business Model and Market Position
Unlike traditional seed companies, Cibus operates as a technology provider. Its core business model centers on developing novel crop traits and licensing them to seed companies, who then incorporate these traits into their breeding programs. This licensing model allows Cibus to generate revenue through royalties on seed sales, aligning its success with the productivity gains achieved by farmers worldwide. Emphasizing its industrialized approach to breeding, Cibus sets rigorous production standards that consistently deliver results in a predictable, time-bound manner.
Product Portfolio and Applications
The company’s robust portfolio includes multiple traits developed for major global row crops such as canola, rice, soybean, and others. Among its innovations are herbicide tolerance traits (such as HT1, HT2, and HT3) that provide farmers with additional tools for combating herbicide-resistant weeds, as well as traits designed to enhance resistance to significant crop diseases like Sclerotinia. These portfolio elements underscore Cibus’ commitment to addressing the productivity and sustainability challenges faced by modern agriculture.
Technological Integration and Collaborations
Cibus continues to push the boundaries of crop trait development through strategic collaborations. By partnering with leaders in artificial intelligence and machine learning, the company enhances its target discovery process, ensuring that its gene-editing efforts are both precise and scalable. These collaborations enable the identification of novel gene targets and streamline the application of complex edits, thereby reinforcing the company’s position as a pioneer in high-throughput gene editing.
Industry Impact and Expertise
Operating at the intersection of biotechnology and agriculture, Cibus provides a vital contribution to the farming sector by addressing issues that traditionally lead to significant economic losses. Through its innovative technology, the company plays a central role in modernizing plant breeding and delivering traits that can alleviate challenges such as pest infestations, plant diseases, and herbicide resistance. The scientific underpinnings of its RTDS® process not only embody a breakthrough in crop improvement but also exemplify the expertise and technical rigor that define Cibus’ approach to sustainable agriculture.
Conclusion
In summary, Cibus Inc stands out for its cutting-edge gene editing technology, streamlined trait development process, and strategic licensing model. Its comprehensive focus on enhancing crop resilience and yield through advanced plant trait innovations makes it a key player in the agricultural biotechnology industry. The company’s commitment to rapidly delivering impactful solutions underscores its potential as an instrumental force in addressing complex agricultural challenges.
Cibus (Nasdaq: CBUS), a leading agricultural technology company, has announced its participation in two major investor events in August 2024. The company, which develops plant traits for licensing to seed companies, will be represented by Co-Founders Rory Riggs (CEO and Chairman) and Peter Beetham (President and COO) at both events.
The first event is the Canaccord Genuity 44th Annual Growth Conference in Boston, MA, on August 13-14. Riggs and Beetham will present on August 14 at 12:30 p.m. ET. The second event is the Sidoti Micro Cap Conference, a virtual event on August 14-15. Here, they will meet with investors and give a presentation on August 14 at 3:15 p.m. ET. Both presentations will be accessible via live audio webcasts, with links provided for interested parties to join.
Cibus Inc. (NASDAQ: CBUS) reported its Q2 2024 financial results and provided a business update. Key highlights include:
1. Secured an agreement for Herbicide Tolerance traits in Rice with FEDEARROZ, marking the fourth customer in this segment.
2. Successfully completed edits for a third mode of action in Sclerotinia resistance and initial edits for Nutrient Use Efficiency trait in Canola.
3. Operationalized the Wheat platform, enabling access to the largest global grain crop.
4. Expanded IP coverage across 10 plant trait and editing families.
5. Q2 2024 financial results: R&D expense $13.0M, SG&A expense $9.3M, Net loss $28.5M, Cash position $30.0M as of June 30, 2024.
6. Expects current cash to fund operations into Q4 2024.
Cibus (Nasdaq: CBUS) has announced positive initial field trial results for a novel weed management solution in rice using stacked gene edited herbicide tolerant traits. The trials showed that using two herbicides provided excellent weed control. This approach could enable farmers to use a comprehensive weed management system with two different modes of action, potentially reducing the risk of resistant weeds.
The company believes stacked traits are important for modernizing crop breeding, allowing for more efficient development of complex traits to address major farming yield constraints. Cibus is using its Rapid Trait Development System (RTDS®), including Gene Repair Oligonucleotides (GRON) and molecular scissors like TALENs, to develop these traits.
Cibus, Inc. (Nasdaq: CBUS), a leading agricultural technology company, has announced it will report its second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host a conference call and audio webcast at 4:30 p.m. ET to discuss the financial results and provide company updates.
Interested parties can join the call using the following numbers: +1-800-343-5172 (U.S.) or +1-203-518-9856 (International), with the conference ID 'CIBUS' or 24287. A replay will be available until August 22, 2024. The live audio webcast and accompanying slides will be accessible on the company's investor website, with an archived version available for 90 days post-event.
Cibus (Nasdaq: CBUS), a leading agricultural technology company, announced an expansion of its intellectual property (IP), securing additional patents for 10 plant trait and gene editing families over the past six months. This enhancement strengthens its IP portfolio in key areas like Pod Shatter Reduction (PSR), Herbicide Tolerances (HTs), High Fiber Wheat, and Improved Quality Alfalfa, covering regions including Europe, Asia, Latin America, Canada, and the US. The patents leverage Cibus' Rapid Trait Development System (RTDS®), including technologies like Gene Repair Oligonucleotides (GRON) and Transcription activator-like effector nuclease (TALEN). These advancements highlight Cibus’ capabilities in developing complex traits across multiple crops, reinforcing its strategic growth and product development efforts.
Cibus announced a significant milestone in developing Nutrient Use Efficiency (NUE) traits in Canola. This achievement marks the first gene edits for NUE in a major North American crop. These edits aim to improve fertilizer efficiency, potentially reducing environmental impact. Cibus' Rapid Trait Development System (RTDS) technology was pivotal in this advancement. The achievement was a result of a collaboration with an industry-leading third party. The NUE trait aims to increase crop yield while using fewer resources, contributing to sustainability by lowering CO2 emissions.
Cibus has announced a $13.0 million registered direct offering. The company will sell 1,298,040 shares of its Class A Common Stock and warrants to purchase up to 1,298,040 shares at $10.00 per share for institutional investors and $10.20 per share for the CEO, Rory Riggs. The warrants, exercisable immediately, will expire in five years. Gross proceeds from the offering are approximately $13.0 million before expenses. Closing is expected on June 13, 2024. The funds will support the development of new and existing seed traits, Trait Machine operations, and general corporate purposes. A.G.P./Alliance Global Partners is the sole placement agent.
Cibus, an agricultural technology company listed on Nasdaq (CBUS), announced its participation in two upcoming investor events in June 2024. Rory Riggs, Co-Founder, CEO, and Chairman, will present at the Stifel Cross Sector Insight Conference in Boston, MA on June 5 at 1:50 p.m. ET. Additionally, both Riggs and Co-Founder, President, and COO Peter Beetham will present at the Bank of America AgTech Conference virtually on June 6 at 3:00 p.m. ET. These events will provide Cibus with the opportunity to connect with investors and discuss its business developments.
Cibus has achieved a major milestone by successfully editing Canola with a third mode of action to resist White Mold (Sclerotinia). This advancement is expected to enhance disease resistance in Canola and potentially other crops like Soybean and various produce. The edited Canola plants will undergo controlled environment testing later this year. Cibus aims to improve crop yields and reduce fungicide use, thereby lowering input costs. This development underscores the company's capability in accelerating the creation of complex gene-edited traits.
Cibus (Nasdaq: CBUS), a leader in agricultural biotechnology, commends the Canadian Food Inspection Agency (CFIA) for updating its feed guidelines to regulate plants developed using gene editing, similar to conventional breeding. The guideline revision is part of a global trend, including the UK and EU, recognizing gene editing technologies like Cibus' RTDS® as safe and equivalent to traditional breeding methods. Cibus' RTDS platform aims to enhance global food productivity and sustainability. These guidelines are important for innovation and investment in Canada's agri-food sector, particularly for crops like canola. Cibus is progressing towards commercializing its Pod Shatter Reduction trait in canola, promising yield protection for Canadian farmers.
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