Benzinga | Jul 8, 2021 08:32AM EDT

Origin Agritech Announces Ministry Of Agriculture And Rural Affairs Has Approved Four Of Co.'s New Hybrid Corn Breeds In China

Origin Agritech Ltd. (NASDAQ:SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that it has received approval from the Ministry of Agriculture and Rural Affairs (MOA) for four of its new hybrid corn breeds, further enriching its product pipeline and increasing its competitiveness in China's corn seed market. Furthermore, the company currently has GMO enhanced versions of the newly approved hybrids currently in the approval pipeline.

The MOA recently raised national standards for approval of corn and rice varieties and promoted further innovation in germplasm development. As one of the few companies in China to participate in the Green Pass program, Origin Agritech is in a unique position to streamline the approval process and submit more hybrids for approval per year. Thereby, strengthening the company's ability to bring multiple new hybrids to market annually, including many GMO enhanced hybrids.

Dr. Gengchen Han, Origin Agritech's Chairman, said, "We are very excited to further grow our extensive germplasm resources, which will play an instrumental role in our goal to bring GMO enhanced hybrid seed breeds to market."