Dow Chemical, Arcadia Tie Up To Develop Wheat Traits

 | Aug 08, 2017 10:05PM ET

Dow Chemical’s (NYSE:DOW) fully-owned subsidiary, Dow AgroSciences LLC and Arcadia Biosciences, Inc. has collaborated to develop and commercialize a breakthrough improved wheat quality trait in North America. The partnership will capitalize on Arcadia’s leading non-GM Tilling trait development platform along with Dow AgroSciences’ enabling technology platforms, high-quality elite germplasm and global commercial channels.

Per the agreement, both companies will further develop and commercialize an improved wheat quality trait which has completed initial field trials and is advancing to next-stage trials. Dow AgroSciences will introgress Arcadia’s trait into its proprietary elite germplasm lines and manage all aspects associated with the commercialization of the traits.

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Dow Chemical currently carries a Zacks Rank #3 (Hold).

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Some better-ranked companies in the chemical space include Arkema S.A. (OTC:ARKAY) and Kronos Worldwide (NYSE:KRO) . Both the stocks sport a Zacks Rank #1 (Strong Buy). You can see Original post

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