SAN DIEGO, Sept. 10, 2020 , Calif. — Agragene, Inc., a sustainable agricultural expertise firm creating eco-friendly options to chemical pesticides, introduced as we speak that it has raised a further $four million in Sequence A financing from Ospraie Ag Science (OAS), the enterprise arm of New York-based Ospraie Administration. The extra funding will broaden area trials of Knock-Out™, their first Precision-Guided Sterile Insect Expertise™ product, in addition to their semiochemical attractant-product Border Patrol™.
The announcement of one other spherical of OAS funding comes prematurely of the World Agri-Tech Innovation Summit September 15-16, the place bio-based merchandise will take middle stage as international demand soars for extra sustainable agri-food options.
“We’re thrilled by the extra funding and vote of confidence from Ospraie Ag Science,” mentioned Agragene CEO Gordon Alton. “They clearly perceive the worth of our strategy to organic crop safety, which displaces pesticides, reduces prices and protects the setting. Our options should not solely extra sustainable, they’re less expensive—a win-win for growers and the setting.”
Agragene’s Knock-Out™ product makes use of a CRISPR-based strategy to engineer sterile males that mate with feminine crop pests within the area. The result’s “insect contraception” — unfertilized insect eggs that produce no offspring and naturally management the pest inhabitants with out chemical substances. Utilized by way of drone and extra inexpensive than conventional chemical formulations, Agragene’s Precision-Guided Sterile Insect Expertise™ (pgSIT) is protected for bees, birds and staff.
Border Patrol™, the corporate’s progressive attract-and-kill product, makes use of a proprietary semiochemical formulation on a fiber mat to draw pests. Females lay their eggs on the mat, the place their larvae dry out and die. Alton likens the strategy to “cherry jam on a triscuit.”
“Our formulation is proving extremely efficient and when in comparison with comparable merchandise available on the market, would require far fewer ‘traps’ per acre for a a lot decrease total price,” mentioned Alton. “Furthermore, we’ll offer it by way of a service mannequin, with licensed Agragene technicians putting and activating mats for purchasers. This creates a easy, efficient and sustainable strategy at a lower cost.”
Knock-Out™ and Border Patrol™ are the primary two improvements in Agragene’s built-in pest administration system, which is designed for enhanced sustainability, simplicity and cost-effectiveness. The corporate has further merchandise within the pipeline for real-time insect detection and mating disruption.
“Agragene is demonstrating the type of thrilling innovation that may shift the business towards rising yield efficiencies naturally,” mentioned Jason Mraz, Ospraie Administration Co-Founder. “Their Knock-Out™ and Border Patrol™ merchandise concurrently scale back chemical substances and prices, so they really meet our goal of ‘serving to farmers do extra with much less.'”
Agragene is the good selection for natural and traditional organic crop pest management. Utilizing superior CRISPR-based genome engineering, Agragene creates eco-friendly merchandise which are relevant to hundreds of insect pests worldwide. Agragene’s preliminary product targets noticed wing drosophila, a significant international crop pest. Based in 2017 in San Diego, California, the corporate is pursuing industrial product launch in america and an aggressive licensing technique worldwide. Study extra concerning the Way forward for Biocontrol at agragene.com and observe us on LinkedIn.
About Ospraie Ag Science
Ospraie Ag Science LLC (OAS) identifies options to assist farmers “Do Extra With Much less.” By rising profitability, enhancing quality-adjusted yield and decreasing environmental influence, our firms not solely profit producers however generate smarter, more healthy and extra environment friendly meals for customers globally. Using our intensive community and 25 years of expertise investing in agriculture, OAS is positioned to assist farmers obtain a sustainable future.
Agragene, Ospraie Administration and Ospraie Ag Science (OAS) are both registered emblems or emblems within the Unites States and/or different nations. The names of precise firms and merchandise talked about herein often is the emblems of their respective house owners.