Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Mergers & Acquisitions

Venture capital firm buys genetically engineered–apple firm as part of a $53 million ag biotech deal

by Craig Bettenhausen
February 7, 2020 | A version of this story appeared in Volume 98, Issue 6

 

On the left, a cut conventional apple, which has gone brown. On the right, a cut Arctic apple, which has not.
Credit: Okanagan Specialty Fruits
Okanagan silences the gene for polyphenol oxidase, resulting in apples that don't go brown as easily.

Okanagan Specialty Fruits, which makes apples genetically engineered to resist browning, is part of a $53 million sale of agricultural biotech assets. The sale is one element of a major restructuring at the biotech firm Precigen, which in January changed its name from Intrexon and changed CEOs to focus on health care. The buyer is the venture capital firm Third Security, which is run by former Intrexon CEO Randal J. Kirk, who is now chairman of Precigen.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.