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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 10:04

US giant DowDuPont behind Lithuanian Nobel nominee's company CasZyme

BC, Vilnius, 16.10.2017.Print version
Lithuanian scientist Virginijus Siksnys, author of a DNA editing technology, is establishing a company CasZyme with his fellows, with one of the world's biggest chemical industry giants DowDuPont being one of the investors and partners in the startup, Verslo Zinios said, cites LETA/BNS.

CasZyme CEO Monika Kavaliauske told the business daily that a contract had been signed with DowDuPont to allow developing operations based on DowDuPont intellectual property and CasZyme know-how and experience. Nevertheless, she did not rule out that additional partners could be invited in the future along with risk capital investments for development of the company's other operations. Kavaliauske did not disclose the size of the stake transferred to the DowDuPont concern.

 

The CasZyme CEO said the company would mainly focus on development of new molecular tools and provide research services for businesses, other researchers and organizations, as well as continue developing the CRISPR technology y and searching for new Cas proteins that could be used as new-generation molecular tools for genome editing. In Kavaliauske's words, the operations would not be limited to agricultural and crop production research, and the Lithuanian company will not develop pharmaceutical products.






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