Expansion of Rice Herbicide Tolerance Traits
Cibus has signed 7 Rice customer agreements in the USA and Latin America, representing approximately 5 million to 7 million addressable acres, with potential annual royalties over $200 million.
Successful Biofragrance Scale-Up
Cibus completed pre-commercial pilot runs for 2 biofragrance products, positioning the company to receive initial payments and expand to full commercial scale in 2026.
Regulatory Approvals and Advancements
The company is seeing positive regulatory developments in the EU, Ecuador, North and South America, India, and parts of Asia, enhancing global market access for gene-edited products.
Cost Reduction and Operational Streamlining
Operating expenses reduced by almost $5 million in the first 9 months of 2025. Consolidation of facilities is on track, aiming for approximately $30 million in annual net cash usage by 2026.