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February 11, 2014
07:15 EDTEVGNEvogene launches target discovery platform for novel herbicides
Evogene announced a key milestone in its discovery program for novel chemical herbicides with the launch of PoinTar, a computationally based target discovery platform for novel herbicides. Targets are key molecules, responsible for essential biological processes in weeds, which have the potential to be chemically inhibited to cause weed death. The launch of the PoinTar platform is the first key milestone in the program. An important feature of the new platform, in addition to the predictive discovery of potential targets, is the ability to prioritize the resulting predictions for proteins on the basis of structural information such as ‘drugability’, that is the ability of the predicted target to interact with a chemical molecule. In addition, PoinTar is able to identify non-coding RNAs as potential targets, adding a substantial new class of overlooked molecules to the discovery process. The combination of these two computationally based features is anticipated to provide a unique and effective target discovery capability. The remaining key development milestone for the establishment of Evogene's herbicide discovery capability is the completion of a second, complementary platform for the discovery of chemical molecules that are designed to inhibit the activity of targets discovered using the PoinTar platform. These chemical molecules will then serve as the active ingredients for the final herbicide product.
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November 10, 2014
07:24 EDTEVGNEvogene reports Q3 EPS (12c), consensus (11c)
Reports Q3 revenue $3.16M, consensus $4.21M

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