Hayward, California
December 16, 2005
Mendel
Biotechnology, Inc., a privately held biotechnology company,
announced today that it was granted a Phase IIB Small Business
Innovation Research (SBIR) grant from the National Science
Foundation. The SBIR phase IIB grant provides two years of
supplemental funding for a Phase II grant awarded to Mendel
Biotechnology, Inc. for development of crops with improved
disease resistance, based on matching funds from a third party
investor. Protection of crops against fungal pathogens is one of
the most significant unmet needs in agriculture. Over $600
million is spent each year in the United States to protect
plants against fungal pathogens. Nonetheless, annual losses to
fungal pathogens are approximately $900 million in North America
for soybean alone, with total crop losses of approximately $5
billion. The grant will fund research that aims to enhance a
plant's natural ability to resist pathogen infection, thereby
reducing or eliminating the need for fungicides.
T. Lynne Reuber, Ph.D., Director of Research, will serve as
the Principal Investigator of the grant.
Founded in 1997, Mendel Biotechnology, Inc. was a pioneer in
the application of functional genomics to the study of plant
genes. Mendel's initial mission, now largely complete, was to
discover and characterize the function of plant transcription
factor genes as the basis for creating novel products for
agriculture. Mendel is now commercializing transcription factor
technologies in the agricultural biotechnology and chemistry
sectors. Products incorporating Mendel technologies are being
developed for large acreage row crops, and for the forestry,
ornamental and horticultural markets. Mendel has partnerships
with leading agriculture companies, including Monsanto, the
world's leader in commercializing transgenic crops. |