AquaBounty Technologies

From Wikipedia, the free encyclopedia
Jump to: navigation, search
AquaBounty Technologies Inc.
Traded as NASDAQAQB
Russell 1000 Component
Industry Biotechnology
aquaculture
Founded 1991[1]
Headquarters Maynard, Massachusetts [1]
Key people
Ronald L. Stotish (President & CEO)
Parent Intrexon
Website aquabounty.com

AquaBounty Technologies is a biotechnology company based in Maynard, Massachusetts, United States. The company is notable for its research and development of genetically modified fish.[2] It aims to create products that aim to increase the productivity of aquaculture.[3]

Products[edit]

The company has developed hybrid salmon, trout, and tilapia designed to grow faster than traditional fish. Only the salmon has progressed to government (Canada, United States) approvals. Their hybrid Atlantic salmon incorporates a gene from a Chinook salmon, which bears a single copy of the stably integrated α-form of the opAFP-GHc2 gene construct at the α-locus in the EO-1α line (Ocean Pout AKA Eel).[4] AquaBounty has patented and trademarked this fish as the AquAdvantage salmon, a sterile Atlantic salmon female that can grow to market size in half the time of conventional salmon.[5] The company was reported to have made its first sale of 4.5 tonnes of AquaVantage salmon to Canadian customers in July 2017.[6]

Finances[edit]

In 2012, a New York Times article reported the finances of AquaBounty were not in good shape and the company had to reduce staff from 27 to 12.[7] In March 2012, AquaBounty raised US$2 million in new capital, but this would only last until the end of the year.[7]

Georgian investor Kakha Bendukidze owned 47.6% of the company's stock before selling to American synthetic biology firm Intrexon in October 2012. Intrexon put up $500,000 in bridge financing and offered to buy the rest of the company.[5][8] Intrexon acquired majority ownership of Aquabounty in 2013.[9]

References[edit]

  1. ^ a b "Company & History". Archived from the original on 2011-06-28. Retrieved 2011-03-18. 
  2. ^ http://www.democracynow.org/2016/5/20/headlines/canada_approves_sale_of_genetically_modified_salmon
  3. ^ "AquaBounty Technologies Company Overview". Bloomberg Businessweek. Retrieved 2011-03-18. 
  4. ^ Staveley, Jane P. (25 August 2010). "Environmental Assessment for AquAdvantage Salmon" (PDF). Retrieved 2012-10-03. 
  5. ^ a b Pollack, Andrew (December 21, 2012). "Engineered Fish Moves a Step Closer to Approval". The New York Times. 
  6. ^ Waltz,Nature, Emily. "First Genetically Engineered Salmon Sold in Canada". Scientific American. Retrieved 2017-08-08. 
  7. ^ a b Pollack, Andrew (21 May 2012) An Entrepreneur Bankrolls a Genetically Engineered Salmon. The New York Times, Retrieved 3 October 2012
  8. ^ "Delays put question mark over GM salmon as development company receives bid". Fishupdate.com. December 10, 2012. Archived from the original on January 21, 2013. 
  9. ^ Jacob Bunge (15 December 2015) Firm Bets on Biotech That Changes How Food Is Produced. The Wall Street Journal, retrieved 30 January 2016

External links[edit]