biotech
Bayer Buys Biotech Co. Icon Genetics
Filed in archive Drugs, Vaccines and Therapeutics , Food and Agriculture , Patents and Intellectual Property Rights by ruth on January 12, 2006
Molecular Farming : Plant-made Pharmaceuticals and Technical Proteins

The chemical company Bayer AG said Wednesday it has acquired Icon genetics AG, a biotech company working on methods for the development and use of engineered plants for producing pharmaceuticals and other high-value compounds.


The acquisition will strengthen Bayer's activities aimed at producing specific pharmaceutical substances in plants (plant-made pharmaceuticals, or PMPs). This technology utilizes the natural protein production processes in plants as a way of producing therapeutically active substances.


Icon Genetics AG has more than 40 patents that have been granted or applied for, including:

  • RNA-Virus-Derived Plant Expression System

  • Safe Production of a Product of Interest in Hybrid Seed

  • Process of Producing a Plastid-Targeted Protein in Plant Cells

  • Plant Transformation with in vivo Assembly of a Sequence of Interest

  • Method of Protein Production in Plants

  • Commercial Use of Arabidopsis for Production of Human and Animal Therapeutic and Diagnostic Proteins



Click here for a list of Icon Genetics' published patents.

Source: BayNews

Permalink: Bayer Buys Biotech Co. Icon Genetics
Tags: patent  GMO  biotech  genetics  icon  icon+genetics  bayer+buys  biotech+icon 
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