REHOVOT, Israel, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Evogene Ltd. (NASDAQ:EVGN)) (TASE:EVGN), a leading
biotechnology company developing novel products for life science markets through the use of a unique Computational Predictive
Biology (CPB) platform, announced today that its Ag-Chemical division achieved positive results in its internal novel
Mode-of-Action (MoA) herbicide program with multiple ‘families’ of Evogene predicted chemical compounds demonstrating improved
herbicidal effectiveness in lab and greenhouse experiments.
Herbicides are weed killing chemicals, part of the general pesticide and crop protection market. The market size
attributed to herbicides reached $21B in 20161. Herbicide protection plays an important role in global food security
and, for instance, without herbicide protection approximately 20% of the global crop yield of wheat would be lost2.
Current herbicide products are based on MoA’s introduced to market over 30 years ago, while weed resistance to these solutions is
globally on the rise, creating a growing need for a novel MoA herbicide.
Evogene initiated its herbicide program in 2015, and last year disclosed the identification of several novel
herbicide targets, representing a new MoA, and over 10 inhibiting chemical compounds demonstrating initial weed-killing
effectiveness. Following these achievements, the Ag-Chemical division, using the CPB platform, predicted and synthesized chemical
‘families’. A chemical ‘family’ includes chemical compounds which are related to a specific, previously discovered and positively
validated chemical compounds. Today's announcement discloses that in lab and greenhouse experiments, these chemical ‘families’
showed various levels of weed-killing effectiveness for individual members of each ‘family’, in some cases significantly in excess
of the initial chemical compound.
During 2018, these ‘families’ of chemical compounds will continue to undergo additional optimization for
advancement to the next phase in the herbicidal product pipeline. In parallel, Evogene continues to establish biological proof that
these chemical compounds indeed inhibit the identified novel herbicide targets, representing a novel MoA.
Eran Kosover, EVP and GM, Ag-Chemicals stated: “These positive results are an important
step for achieving our goal of developing multiple new modes-of-action herbicide solutions based on our biology-driven
computational-chemistry approach. Achieving chemical ‘families’ with varying level of efficacy around an initial chemical compound
indicates a strong basis for further optimization toward a candidate that meets commercialization standards, as well as creates a
basis for solid IP protection. We intend to further advance our internal pipeline, and also enter into additional collaborations
with leading Ag-Chemical companies.”
Ofer Haviv, Evogene's President and CEO stated: “I am excited with the results we disclosed
today, as they represent multiple validations of the broad applicability and accuracy of our unique CPB platform’s ability to
produce novel discoveries, and to create a robust pipeline in new fields of focus in a short time. Through the use of the CPB
platform we were able to improve herbicidal effectiveness, with the identification of chemical ‘families’ that serve as the basis
for progressing to the next stage.”
About Evogene:
Evogene (NASDAQ:EVGN) (TASE:EVGN) is a leading biotechnology company developing novel products for major life
science markets through the use of a unique predictive biology platform incorporating deep scientific understandings and advanced
computational technologies. This platform is utilized by the Company to discover and develop innovative ag-chemical, ag-biological
and ag-seed products (GM and non GM), and by two subsidiaries; Evofuel, focused on castor seeds, and Biomica, focused on human
microbiome therapeutics. Through its collaborations with world-leading agricultural companies such as BASF, Bayer, DuPont, Monsanto
and Syngenta, Evogene has licensed genes, small molecules and microbes to partners under milestone and royalty bearing agreements.
For more information, please visit www.evogene.com
This press release contains "forward-looking statements" relating to future
events. These statements may be identified by words such as "may", "could",
“expects”, "intends", “anticipates”, “plans”, “believes”, “scheduled”, “estimates” or words of similar
meaning. Such statements are based on current expectations, estimates, projections and assumptions,
describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and
are not guarantees of future performance. Therefore, actual future results, performance or achievements of Evogene may differ
materially from what is expressed or implied by such forward-looking statements due to a variety of
factors, many of which beyond Evogene's control, including, without limitation, those risk factors contained in
Evogene’s reports filed with the appropriate securities authority. Evogene disclaims any obligation or commitment to
update these forward-looking statements to reflect future events or developments or changes in expectations, estimates,
projections and assumptions.
1 Phillips McDougall
2 According to industry estimates
Contact:
Nir Zalik
IR/PR manager
E: IR@evogene.com
T: (+972)-8-931-1963
