LA JOLLA, Calif. and MONTERREY, Mexico, Oct. 24, 2011 /PRNewswire/ -- Synthetic Genomics Inc. (SGI), a privately held company developing and applying genomic-driven commercial solutions to a variety of markets including biofuels, biochemicals, and new bio-based food products, and Plenus, S.A. de C.V., a Mexico based investing and management company with extensive experience in a variety of business areas including agribusiness, have announced the formation of a new company, Agradis. The privately held agricultural biotechnology company will focus on developing and commercializing products to sustainably improve crop production efficiency using new advances in genomics and plant breeding.
Agradis has also announced the closing of a $20 million Series A financing round which will be used to establish the company infrastructure and to support product development and commercialization.
Agradis has an experienced management team that includes chief executive officer Alejandro Rodriguez, an agribusiness development leader. Rodriguez has decades of experience in successfully commercializing agricultural products and advancing crop production technologies having worked at and with some of the top agriculture companies in the United States and Mexico. The company has also hired Tom Christensen as president. Christensen's background melds agricultural product development, business development leadership and advanced farming technologies.
Increasing world populations are leading to greater need for new and improved food crops. There is also an increased demand for new and improved, non-food biofuel feedstock crops. The challenge is how to meet these needs in an environmentally sustainable way. Agradis is combining the cutting edge science and technology platforms of SGI with the agricultural business commercialization expertise of Plenus to solve some of these societal issues.
Agradis is initially focusing on two key areas: produc
|SOURCE Synthetic Genomics Inc.|
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