Dow AgroSciences, a wholly-owned unit of The Dow Chemical Company (DOW), has entered into research and development collaboration with Edinburgh, UK-based synthetic promoter company Synpromics. Under the deal, the collaboration will develop Synpromics’ proprietary technology for application in plant science. The deal marks the first notable partnership of Dow AgroSciences with a Scottish company.
Dow AgroSciences has begun with the initial proof of the concept project to demonstrate that Synpromics’ synthetic promoter technology can be applied in certain crops. Dow AgroSciences is of the opinion that technologies such as those developed by Synpromics can help improve the product quality of the crops. They also believe synthetic promoters have significant prospects to accelerate the gene discovery and product development with new attributes in the agricultural industry.
Synpromics is a privately funded Biotech company that develops a series of synthetic promoters that can be used to control genes under a variety of settings. Synthetic promoters by Synpromics can be applied in agricultural biology, life science R&D, biologics production, novel diagnostics, gene therapy and animal health.
Indianapolis, Ind.-based Dow AgroSciences produces leading-edge crop protection and plant biotechnology solutions to solve pressing crop production problems for the customers. The solutions boost agriculture productivity to maximum sustainable levels to meet the challenges of the growing world. They are committed to increase crop productivity through higher yields, better varieties, and more targeted pest management control.
Dow currently holds a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are Akzo Nobel NV (AKZOY), Cabot Corporation (CBT) and Huntsman Corporation (HUN). All of them hold a Zacks Rank #2 (Buy).
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