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Calyxt Licenses New Technology from University of Minnesota for Gene-Edited Plants - Stock Rises 10%

3:31PM ET 4/08/2020 MT Newswires
Calyxt (CLXT) said it has licensed a new method to help increase plant gene editing efficiency from the University of Minnesota that can potentially reduce the time needed to edit plants to several months from about one year. The stock gained 10% in late trade amid a rise in the broader markets.

This new technology could help it bring consumer-desired products, like better tasting plant proteins, to the market faster, the plant-based firm said, adding that its co-founder and Minnesota university professor Dan Voytas helped invent the technology.

Price: 3.63, Change: +0.33, Percent Change: +10.00