Cibus Applauds the Genetic Technology (Precision Breeding) Act 2023 Passed in the United Kingdom
SAN DIEGO, June 15, 2023 (GLOBE NEWSWIRE) -- Cibus, Inc. (Nasdaq: CBUS), a leading agricultural technology company that develops and licenses plant traits to seed companies for royalties, welcomed the passage of the Genetic Technology (Precision Breeding) Act 2023 (the “Act”) into law in the United Kingdom.
- SAN DIEGO, June 15, 2023 (GLOBE NEWSWIRE) -- Cibus, Inc. (Nasdaq: CBUS), a leading agricultural technology company that develops and licenses plant traits to seed companies for royalties, welcomed the passage of the Genetic Technology (Precision Breeding) Act 2023 (the “Act”) into law in the United Kingdom.
- The Act removes plants produced through precision breeding technologies from regulatory requirements applicable in England to the environmental release and marketing of GMOs (Genetically Modified Organisms).
- It is expected to enable the development and marketing of gene edited crops in England.
- Productivity Traits such as these are the primary target of Cibus’ gene editing efforts.