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Article: Spin-Out Agrisoma Focuses On Enhanced Crops, Therapeutics.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff Writer
With plans to advance itself as an ag-biotech company through development of its ACE System in plants, Agrisoma Biosciences Inc. closed a Series A round and named a new CEO.
The Burnaby, British Columbia-based company, which also has facilities in Saskatoon, Saskatchewan, was founded in 2001 on a chromosome-based gene delivery and expression platform, which it calls the ACE System. It is a spin-off from Chromos Molecular Systems Inc., also of Burnaby.
While the exact amount raised in the Series A is undisclosed, the company's new president and CEO Tom Mamic said the funds will take Agrisoma forward to 2007.
"The funding ...