The company sources molecules from a supplier in Ukraine, which has faced and may continue to face limitations in molecule access due to the war in Ukraine. This supplier has an alternative production site and is not the sole provider of research molecules. The company is developing seed-trait product candidates internally through its Ag-Seeds division and is working to commercialize castor seeds for industrial applications via its subsidiary, Casterra. The supply chain for castor oil used industrially is evolving and not well established, requiring Casterra to demonstrate the commercial-scale viability of its castor bean seeds as a cost-efficient feedstock. Additionally, Biomica's future prospects rely on a third-party licensee for the development and commercialization of its microbiome-based product candidate, BMC 128.
Evogene Ltd's Comment on Supply Chain
The company sources molecules from a supplier in Ukraine, which has faced and may continue to face limitations in molecule access due to the war in Ukraine. This supplier has an alternative production site and is not the sole provider of research molecules. The company is developing seed-trait product candidates internally through its Ag-Seeds division and is working to commercialize castor seeds for industrial applications via its subsidiary, Casterra. The supply chain for castor oil used industrially is evolving and not well established, requiring Casterra to demonstrate the commercial-scale viability of its castor bean seeds as a cost-efficient feedstock. Additionally, Biomica's future prospects rely on a third-party licensee for the development and commercialization of its microbiome-based product candidate, BMC 128.
Sources:
Evogene Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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