Research Triangle Park, North
Carolina
February 1, 2005
Icoria to use its high
throughput screening process to seek products that improve crop
traits, yields and ability to withstand weather changes
Integrated systems biology company
Icoria, Inc. (Nasdaq: ICOR),
announced today that it has signed an agreement with DuPont Crop
Protection to screen a DuPont chemical library to identify
compounds that improve crop productivity by increasing nutrient
uptake and tolerance to environmental stress. Pursuant to this
agreement, Icoria will also make the results of its ChemTraits™
screening process available to DuPont Crop Protection for
evaluation.
The agreement includes an
undisclosed upfront payment and potential milestone payments and
royalties.
“Through our ChemTraits™ program,
Icoria is looking for ways to trigger a plant’s natural genetic
capacity to respond to environmental stress and suboptimal
growing conditions,” said Keith Davis, Ph.D., Icoria Vice
President, Agricultural Biotechnology. “The DuPont Crop
Protection agreement is a natural fit with our ongoing
ChemTraits™ effort and leverages the expertise we have developed
in our GeneFunction Factory® work aimed at identifying genes
that can be used for crop improvement.” GeneFunction Factory® is
Icoria’s state-of-the-art phenomics platform integrated with
metabolic profiling and gene expression profiling technologies.
“We are excited about the
ChemTraits™ program and the opportunity to work with a major
company in the agriculture industry,” said Heinrich Gugger,
Ph.D., Icoria President and CEO. “We could be entering an era
where we use chemicals to turn on a plant’s inherent abilities,
either instead of or in addition to genetic engineering.”
Icoria’s ChemTraits™ approach uses
externally applied chemicals rather than genetic engineering to
modify a plant’s behavior. Developmental ChemTraits™ compounds
are expected to have a better safety profile than biocides. They
also can be used on demand, which can help farmers adjust to
changing weather and climate conditions and maximize their
yields.
Pat Confalone, Ph.D., DuPont Crop
Protection Global R&D Director said, “DuPont Crop Protection is
intensely interested in expanding the use of agrichemicals to
applications beyond pest control. We believe the unique approach
offered by the integrated systems biology that is central to
Icoria’s technology affords a novel opportunity to discover
products that directly impact crop traits, yield and resistance
to abiotic stresses.”
Icoria, Inc. is a biotechnology
company dedicated to deciphering the complexity of biological
processes through the application of systems biology to identify
biomarkers for drug discovery and development, diagnostics and
to develop novel agrichemicals. Icoria has major contracts with
the National Institute of Environmental Health Sciences, the
Monsanto Company and Pioneer Hi-Bred International, Inc. (a
subsidiary of DuPont). Icoria also has a major grant from the
National Institute of Standards & Technology's Advanced
Technology Program. |