PlantArcBio and ICL Innovation have signed a collaboration agreement for the development of innovative crop productivity enhancers for agriculture. The agreement was signed following a proof of concept that was performed by the companies in 2018.
As part of the collaboration between the companies, PlantArcBio will use its discovery capabilities to identify biological targets and by using innovative techniques, will bring about improved crop productivity in various crops for global agriculture. Targets that will be successfully identified as possessing a positive impact on crop productivity will be integrated in the ICL development pipeline for continued development and formulation. Both parties estimate that the commercialization of their collaborative products will be possible within five years.