Icon Genetics Announces Grant from German Ministry to Develop Line Conversion Technology for Wheat and Rape Seed.Business Editors, Health/Medical Writers
MUNICH, Germany--(BW HealthWire)--May 30, 2001
Icon Genetics AG (ICON) announced today award of a DM 6.5 million matching grant matching grant Academia Non-peer-reviewed funding in which a commercial enterprise, foundation, or philanthropy, federal government, contributes a sum of money that 'matches' a financial contribution made by an institution, university or hospital. from the Federal Ministry of Education and Research, Berlin to develop prototypes of its proprietary line conversion technology for two most important European crops: wheat and rape seed.
The research and development under the project will be done in close collaboration with the Institute of Plant Genetics and Crop Plant Research, Gatersleben (IPK IPK Institut für Pflanzengenetik und Kulturpflanzenforschung Gatersleben (Institute of Plant Genetics and Crop Plant Research)
IPK International Prototype Kilogram
IPK Intractable Plantar Keratosis
IPK In-Process Kanban ). The financing comes as a three-year grant under Ministry's InnoPlanta/InnoRegio funding program.
ICON's technology is based on DNA DNA: see nucleic acid.
or deoxyribonucleic acid
One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. encoded instructions specifying gene recombination recombination, process of "shuffling" of genes by which new combinations can be generated. In recombination through sexual reproduction, the offspring's complete set of genes differs from that of either parent, being rather a combination of genes from both parents. , gene transformation methods and plant hybridization hybridization /hy·brid·iza·tion/ (hi?brid-i-za´shun)
1. crossbreeding; the act or process of producing hybrids.
2. molecular hybridization
3. techniques. It provides up to 50% shorter variety development time for genetically modified genetically modified
(of an organism) having DNA which has been altered for the purpose of improvement or correction of defects
genetically modified genetic adj [food etc] → crops; significantly improved biosafety; freedom to operate in most major crops; the ability to handle the logistics of breeding multiple transgenes, crops, varieties, and lines, and multiple user needs.
During previous years, ICON, through the collaboration with International Institute of Cell Biology, Kiev, Ukraine has invented, prototyped the technology and filed for a broad patent protection.
The grant will be leveraged through ICON's own funds and will enable ICON, together with IPK, to rapidly generate over 50 man-years worth of development in identified area, to develop first working prototypes of Transgene transgene
a gene that has been incorporated into the genome of another organism. Operating Systems(R) for wheat and rape seed, to file critical patents, as well as to be first to market, and to gain and maintain the position of market leader.
"The grant allows us to choose a much more aggressive development program. It also gives us an opportunity to significantly strengthen our relationship with the Institute of Plant Genetics and Crop Plant Research, one of the best world centers for plant genetics. Unique expertise of the Institute's scientists in plant hybridization is essential for the success of the project", said Dr. Yuri Gleba gle·ba
n. pl. gle·bae
The fleshy, spore-bearing inner mass of a puffball.
[Latin glba, clod. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .
Prof. Dr. Ulrich Wobus, IPK's Acting Director said: "The project is another example of the extensive collaborative research IPK is carrying out with young biotech companies. Icon with its subsidiary in nearby Halle is a welcome partner who also strengthens the regional competence in plant biotechnology."
This is the fifth major grant ICON received from the governments of Germany, Bavaria and the U.S. in less than 2 years. The total amount of matching grant support secured by ICON to date is over DM 14.0 million, most of it to be provided within next three years.
About Icon Genetics AG
Icon Genetics is an integrated platform technology provider developing proprietary technologies with application to a broad range of agricultural and pharmaceutical biotechnology products. As agricultural biotechnology enters the post-genomic era, Icon is developing enabling tools and platform technologies for rapid introduction of genes into commercial varieties and for genomics applications. Icon's technology is expected to displace current imperfect first-generation products by providing integrated suites of technologies (Transgene Operating Systems(R)) that will bring the speed and efficiency of crop engineering up to that of gene discovery. Corporate offices are headquartered in Munich, Germany and the Company's research divisions are located in Halle, Germany; Freising, Germany; and Princeton, New Jersey
Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756. , USA. For more information about Icon Genetics AG, please contact Dr. Yuri Gleba, CEO (+49-345-555-9887) or Dr. Newell Bascomb, President (+1-973-686-0212), visit the Company's website at www.icongenetics.com.
About The Institute of Plant Genetics and Crop Plant Research
The Institute of Plant Genetics and Crop Plant Research was founded on January 1, 1992. It is a member of the Scientific Association Gottfried Wilhelm Leibniz e. V. Its forerunner was the (Zentral-)Institut fur Genetik und Kulturpflanzenforschung of the GDR GDR
See Global Depositary Receipt (GDR). , originally the Institut fur Kulturpflanzenforschung of the Kaiser-Wilhelm-Gesellschaft, founded in 1943 by Hans Stubbe near Vienna. The objective of the Institute is to carry out basic and applied research on crop plants with special emphasis on genetics. Institute's research focuses on structure, function and evolution of genomes as well as on conservation and evaluation of the genetic diversity of crop plants, of their progenitors
The Progenitors were a race of fictional beings in the Star Trek Universe created by Gene Roddenberry. and relatives. For more information about IPK, visit the Institute's website at: www.ipk-gatersleben.de.