Origin Agritech rises on expansion of GMO trait portfolio

Origin Agritech

12/07/2021 16:16

** Shares of Chinese agricultural technology co  SEED.O  up
~44% at $12.98 
    ** Co signed an agreement with Biology Research Institute of
Chinese Academy of Agricultural Sciences for its drought
resistant GMO trait  urn:newsml:reuters.com:*:nPn6SXwWda
    ** Agreement gives SEED exclusive global rights the GMO
trait for the full term of the patent, co said
    ** "We believe that drought resistance will be a major area
of focus as the effects of climate change come to the forefront
of the world's attention," said Chairman Dr. Gengchen Han
    ** Last week, four of co's new hybrid corn breeds were
approved by China's Ministry of Agriculture and Rural Affairs
 urn:newsml:reuters.com:*:nL3N2OK3G6
    ** Shares down ~40% so far this year

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))