Market ExpansionThe recent endorsement by EU member states on the regulation of plants obtained by New Genomic Techniques could eventually translate into an expanded market opportunity for Cibus in Europe.
Regulatory ApprovalsThe US FDA completed its Plant Biotechnology Consultation Program for the company’s altered lignin alfalfa trait for livestock feed, enabling the commercialization of the plant.
Revenue GrowthCibus' revenues increased by 135% year-over-year, mainly through collaboration agreements and sales related to developing a palm oil alternative.