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Thursday, Mar 28, 2024

Ceres Secures Crop Patents

Ceres Inc. has secured two patents for genetic plant traits that can help increase crop yields, the company announced Tuesday. The Thousand Oaks agricultural biotech said it will incorporate these traits in some of its own seed products, as well as license them to other companies for development. The company indicated that experimental results of plants with these traits can be grown more densely together or could be productive on marginal farmland. “There is a continuing need for crops that can thrive under dense populations and less than optimal environmental conditions,” Ceres Chief Executive Richard Hamilton said in a statement. “Traits that direct the plant to continue to focus on grain development or store energy in its stems and leaves could have a significant impact on increasing crop yields and farm income as well as revitalize low-value cropland.” Ceres owns or maintains exclusive rights to about 90 patents and has numerous pending patent applications in the United States and foreign countries. Shares closed unchanged at 25 cents on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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