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Dow AgroSciences Announces Early Exercise of Option for Commercial License With Sangamo BioSciences for Plants
Date:6/18/2008

w">http://investor.sangamo.com/index.cfm under Events and Presentations. The web cast will be archived on the Sangamo Web site after the event.

"We determined that we could exercise the option early in light of the tremendous success of the research program in plants," said Jerome Peribere, president and CEO of Indianapolis-based Dow AgroSciences. "The next generation of plant genetic improvement will successfully bring new products to market by reducing complexity and cutting the development time by one to two years. The ZFP technology is unique because it allows for precise gene modification and is widely applicable and extremely adaptable. It has the potential to revolutionize agricultural biotechnology and fundamentally change our industry."

In addition to developing its own new products using the ZFP technology, Dow AgroSciences will sublicense the technology to third parties for development of particular products under the trademark name of EXZACT(TM) Precision Traits. The trademark name emphasizes the specificity and the precision of the technology. It can be used with precision to add new genetic material, delete genes altogether and even regulate or edit native genes.

"This is a very proud and important day for Sangamo BioSciences," stated Edward Lanphier, Sangamo's president and CEO. "With the expertise and vision of the Dow AgroSciences team we have collectively demonstrated that our ZFP technology provides a broad and robust platform for the development of new foods, feeds, fibers and fuels. The application of zinc fingers to improve food quality and quantity on less land and in a sustainable manner is a cause to which we can now significantly contribute. The list of traits that can be generated quickly and precisely with zinc fingers is virtually limitless, and some of the first under consideration for development include: healthier cooking oils and many other improvements in nutritional content; resistance to a broad range of i
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SOURCE Sangamo BioSciences, Inc.
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