Calyxt provides business and R&D pipeline update

Calyxt, Inc. (NASDAQ: CLXT), a healthy food innovation company, today provided a business update, announced its expanded R&D pipeline, and discussed R&D exploration activities.

Calyxt announced six new product candidates at the discovery stage in its R&D pipeline. Four new soybean product candidates comprised of two wellness products, one plant-based protein product, and one sustainability product. Of the two new wheat product candidates, one is a wellness product and one is a sustainability product.

Calyxt also shared exciting innovation leads across its platform with exploratory R&D focused in canola, hemp, oat, pea, peanut, potato, soybean, and wheat.

“Executing on our trailblazing 2019 milestones has resulted in an expanded patent estate, regulatory success, an established identity-preserved supply chain system, market development and customer acquisition, which creates a solid foundation for future growth,” said Jim Blome, chief executive officer with Calyxt.

“In the past year we have filled out our leadership team and added several other key roles, which will help us capitalize on our head start. We are excited about our innovation platform, R&D pipeline, exploratory opportunities and the future ahead,” Blome said.