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RKDA

Arcadia Biosciences

$0.42

0.0151 (3.78%)

08:05
08/10/17
08/10
08:05
08/10/17
08:05

Arcadia Biosciences says FDA completes safety review of Verdeca's HB4 soybeans

Arcadia Biosciences and Bioceres S.A. announced their joint venture, Verdeca, received notification that the U.S. Food and Drug Administration has completed its full review of the company's safety evaluation for HB4 soybeans. The FDA's notice to Verdeca allows products derived from HB4 soybeans to be used commercially in human food and animal feed. This is a major milestone in the development of commercial soybean seed products based on the HB4 stress tolerance trait. Completion of the FDA's review is another key regulatory achievement in the approval process for Verdeca's HB4 drought stress tolerance trait. The trait has already been approved in Argentina by the Ministry of Agriculture, Livestock and Fisheries. Verdeca has also submitted an environmental safety data petition to the US Department of Agriculture, and this submission is currently under review. Upon completion, the USDA is expected to issue a Determination on Nonregulated Status, which will complete the approval processes in the US and allow for commercial production of HB4 soybeans.

  • 10

    Aug

RKDA Arcadia Biosciences
$0.42

0.0151 (3.78%)

05/12/17
PIPR
05/12/17
DOWNGRADE
Target $1
PIPR
Neutral
Arcadia Biosciences downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Brett Wong downgraded Arcadia Biosciences to Neutral and cut his price target for the shares to $1 from $4. The analyst expects the commercialization timeline for the company's core HB4 trait in soybeans will be extended since it has taken more time than previously thought to get to market.
05/11/17
PIPR
05/11/17
DOWNGRADE
PIPR
Neutral
Arcadia Biosciences downgraded to Neutral from Overweight at Piper Jaffray

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