Explore our latest insights

The International Institute of Tropical Agriculture (IITA), in partnership with Pairwise, a US-based technology company pioneering the application of gene editing in food and agriculture, is delighted to announce a grant of US$ 3,874,356 from the Bill & Melinda Gates Foundation. This grant will support the “Yam Optimized Architecture through Gene Editing (YOAGE)” project, an innovative project aimed at delivering novel genetic variation to yam (Dioscorea spp.) that improves plant architecture. The project goal is to reduce labor and environmental impact associated with traditional plant staking while also enabling mechanized farming in Nigeria, where yam is an important staple food crop.

The 4-year YOAGE project will focus on developing yam varieties with optimized growth characteristics, improving cultivation practices, and boosting productivity and profitability while collaborating with various stakeholders, including local farmers, agricultural experts, and policymakers. Yam is the second most important root and tuber crop in sub-Saharan Africa after cassava, with a production of about 75 million metric tons (FAO, 2021) and provides about 200 kilocalories daily to over 400 million people in the low-income and food-deficit countries of the tropics. Africa produces over 97% of the global yams, with Nigeria alone accounting for about 66% of the world’s total (FAO, 2021). In West Africa, particularly in Nigeria, yam is not only a staple crop but also plays a central role as a traditional flagship crop deeply intertwined with societal norms, fulfilling various social and religious functions.

Despite this importance, yam cultivation faces several challenges, such as high costs of planting materials and labor, declining soil fertility, low-yielding varieties that require staking, and increased pest and disease pressures due to intensified farming. While conventional breeding has improved yam varieties for pest resistance, adaptability, and quality, it has made limited progress in optimizing plant architecture for mechanized farming. The YOAGE project will leverage advanced gene editing tools to overcome these challenges and support global food security, particularly in the face of climate change, resource limitations, and shifting consumer demands.

Leena Tripathi, IITA Eastern Africa Hub Director, Biotechnology Program Lead, and YOAGE Principal Investigator, said: “Receiving this grant from the Gates Foundation marks a pivotal advancement in transforming yam production through innovative gene editing technologies. By developing improved bushy-types of yam varieties, we aim to reduce labor demands, enhance farming efficiency, and boost sustainability. Ultimately, our goal is to elevate farmers’ livelihoods and strengthen food security.”

The YOAGE project aims to develop these varieties by identifying the genes controlling plant growth, optimizing gene editing to develop semi-dwarf varieties, and analyzing the impacts of these changes on labor and gender dynamics. By addressing the technical and environmental challenges of yam production, the project is expected to significantly improve productivity and farmers’ income, contributing to the global goal of sustainable agriculture and food security.

The Gates Foundation selected IITA and Pairwise for the grant because of their proven records in agricultural innovations and community engagements in the region. IITA is a global center of excellence for yam breeding and a genetic improvement source of new and improved yam genotypes for major yam growers in Africa. Also, it has a long tradition and experience in the breeding and genetics of yam, a well-established yam breeding network that connects several national programs from major yam-growing areas in Africa.

Pairwise is pioneering the application of gene editing technology in food and agriculture through its Fulcrum™ Platform, the most extensively developed and validated toolbox for CRISPR application in plants. As one of the first companies in the world to commercialize gene-edited consumer food and agricultural products, Pairwise brings together leaders in agriculture, technology, and consumer foods to harness the transformative potential of new genomics technologies to create innovative new products.

“The Gates Foundation sees gene editing as an opportunity to more rapidly advance important crops like yam, following a path established through a long history of crop breeding. Through gene editing, we can keep all the favorable characteristics of adapted crops, such as nutrition and climate resilience, while removing characteristics like vining in yams that limit a crop’s potential. By partnering IITA with Pairwise, we have brought together top scientists to tackle this important challenge and drive adoption of improved varieties for smallholder farmers.” explained Dr Nicolas Bate, the Senior Program Officer at Bill & Melinda Gates Foundation.

Pairwise Director of Trait Strategy and Testing, Dr Shai Lawit, added: “Gene editing offers a revolutionary approach to solving global challenges in agriculture. Through important public-private initiatives like this one with IITA, the Bill & Melinda Gates Foundation, and Pairwise, we are not only improving crop production; we’re also empowering smallholder farmers, reducing environmental impacts, and advancing food security to narrow the global nutritional deficit, which is especially prevalent in developing countries.”

Through this combined work, the YOAGE project will demonstrate the importance of public-private partnerships in unlocking the benefits of gene editing in Nigeria and Africa at large.

About IITA

The International Institute of Tropical Agriculture (IITA) is a not-for-profit institution that generates agricultural innovations to address Africa’s most pressing challenges of hunger, malnutrition, poverty, and natural resource degradation. Working with various partners across sub-Saharan Africa, IITA improves livelihoods, enhances food and nutrition security, increases employment, and preserves natural resource integrity. IITA is a member of CGIAR, a global agriculture research partnership for a food and nutrition secure future.

About Pairwise:

Pairwise is pioneering the application of gene editing technology in food and agriculture. The company brings together leaders in agriculture and tech to harness transformative genomic technologies to create innovative new products that benefit society. Pairwise is working to develop new varieties of fruits, vegetables, and large-acre crops, and to partner with organizations that seek to deliver innovation across the plant-based economy. Backed by industry leading investors Deerfield, Aliment Capital, Leaps by Bayer, Temasek, and Corteva Catalyst, Pairwise raised $40 million in a successful funding round in September 2024, bringing total fundraising to $155 million. The company was co-founded by the company’s CEO Dr. Tom Adams and agriculture innovator Dr. Haven Baker, with scientific co-founders J. Keith Joung, Lead Translator at Arena BioWorks; David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT. For more information, visit Pairwise.com, and learn more about the differentiating Pairwise Fulcrum™ Platform here.

Genome editing with CRISPR and other tools is an exciting new technology with myriad applications from human health to industrial biotechnology. Gene editing allows small but precise changes in DNA sequences to turn genes on or off or modulate their activity. It is an extremely active area for investment, particularly since the announcement of the first CRISPR-based human gene therapy approval November of 2023. Editing technology also has tremendous potential for applications in agriculture and this week there was an announcement of a new partnership between a major global agriculture company, Corteva, and a genome editing company called Pairwise. This sort of development and innovation is important because the global agricultural sector faces many challenges and opportunities including:

• Feeding a growing global population without encroaching on remaining wild lands
• Growing crops in an environment that increasingly involves more heat and water stress events driven by climate change
• Striving to reduce the carbon footprint of farming while also aiding footprint reductions for other industries such as animal production, fuels and plastics
• Playing a positive role in net global carbon sequestration
• Managing new and intensified pest challenges driven by pesticide resistance and climate shifts
• Creating crops with novel consumer-oriented characteristics to enhance food enjoyment and health

Click Here for Full Article

Indianapolis and Durham, N.C. (Sept 17th 2024) – Corteva, Inc. (NYSE: CTVA), a global leader in agricultural technology and Pairwise, a technology company pioneering the application of gene editing in food and agriculture, announced a collaboration today to accelerate the delivery of advanced gene editing solutions to farmers, ultimately benefitting both the environment and everyday consumers. Gene editing uses a plant’s own DNA to make precise improvements, providing growers with another critical tool to keep pace with the challenges facing food production, including those presented by climate change.

Anchoring the collaboration is Corteva’s $25 million equity investment in Pairwise, made under the umbrella of Corteva Catalyst, the company’s new investment and partnership platform focused on accessing agricultural innovation to drive value creation. The investment aims to help expand the reach and benefits of gene editing to a wide variety of staple and specialty crops.

In addition, Corteva and Pairwise have formed a joint venture to accelerate and expand the delivery of advanced gene edited technologies aimed at increasing crop yield for food, fuel and fiber production, despite increasing climate change.

The joint venture, which spans five years, will leverage both companies’ advanced gene editing capabilities to accelerate the pace of gene edited products by generating and evaluating unique gene edits across multiple traits in a range of crops. Building on Corteva’s longstanding leadership in plant breeding and genetics, the companies will collaborate on the development and deployment of gene edited products that are more resilient to extreme weather events and climate change.

“Gene editing is a transformational technology for agriculture that will advance climate resilience in food production and drive the increased farm productivity required to effectively feed and fuel the world’s growing population,” said Sam Eathington, Corteva’s chief technology and digital officer. “As a gene editing technology leader ourselves, we are proud to work with Pairwise to accelerate the benefits of gene editing not only to farmers, but ultimately to those who rely on the availability of sustainably grown and affordable food – and that’s all of us.”

“Gene editing is poised to revolutionize agriculture, enabling the cultivation of crops that are more adaptive to climate change, are more nutritious and convenient for consumers, and deliver greater economics for growers,” said Tom Adams, Pairwise Co-Founder and CEO. “Through our Fulcrum™ Platform, we’re proud to be at the helm of applying this transformative technology in agriculture and, alongside partners like Corteva, accelerate the realization of these benefits across global stakeholders.”

Pairwise is a leader in using gene editing to make differentiated crops. Last year, the company launched the first CRISPR food in North America, and has multiple products in development across significant crops, including corn, soy, wheat, canola, blackberries, and more. The Pairwise Fulcrum™ Platform includes proprietary gene editing tools that provide the ability to not only turn a characteristic on or off but also, with base editing and related technologies, “tune” it to find it’s sweet spot for highest performance. Pairwise’s novel editing tools allow scientists to precisely tailor a wide range of genetic variation to develop new, distinctive plant varieties much faster and more effectively than through conventional breeding alone.

This is the first joint venture and major equity investment in gene editing made by Corteva Catalyst, the company’s new investment and partnership platform. The investment reflects Corteva’s nearly century-long track record (through its Pioneer brand) of championing innovation through partnerships, including with the global scientific community.

‍About Corteva:

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry- leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

Media Contacts: 

Corteva:

Bethany Shively

Bethany.shively@corteva.com

(202) 997-9438

Pairwise, a company pioneering the application of CRISPR technology in food and agriculture, has granted a full technology license to its proprietary Fulcrum™ Platform to Solis Agrosciences. Through this license, Solis will be using Pairwise’s tools to drive innovative solutions to their clients’ global food and climate challenges.

Licensees of the Fulcrum Platform can receive access to Pairwise’s full suite of novel technologies and proprietary tools for applying CRISPR to research, develop, and commercialize products with differentiated plant genetics.

Solis provides robust product design and R&D services to many different plant science clients, offering access to technologies that accelerate scientific breakthroughs and the path to commercialization. Solis will first leverage the Fulcrum Platform to develop new traits. Once a product is ready to move from the R&D stage to commercialization, Solis’ clients can obtain a commercial license through Pairwise to take their products to market.

“Our experienced team utilizes advanced technology platforms to reduce our clients’ product development timelines in traditional row crops as well as specialty crops,” said Susan Martino-Catt, Solis Chief Operating Officer. “Pairwise is pioneering CRISPR in agriculture, and bringing new, advanced solutions to the marketplace. Their Fulcrum Platform can improve R&D efficiency and provides a streamlined commercial pathway for our clients’ products. We are excited to use the Fulcrum Platform to support our current clients and also to engage with a new set of clients, helping them to advance their product pipelines.”

“CRISPR has the potential to transform agriculture and provide enormous benefits to consumers, growers, and the environment,” said Ian Miller, Pairwise Chief Development Officer. “Pairwise’s novel tools and commercial rights have been used to create and deliver new products across many crops, including corn, wheat, soy, canola, bananas, coffee, berries, and cherries. In addition to the products we’ve created, we’re excited to now empower other organizations – like Solis and, by extension, their clients – to develop their own CRISPR-edited products that will deliver the enormous potential of the technology.”

The Fulcrum Platform includes Pairwise-developed gene editing tools for cutting, base editing, and templated editing – a toolbox which enables not only turning a characteristic on or off, but also tuning it – like a dimmer switch to dial a trait up or down, such as creating a new type of corn with up to 20% more kernel rows.

Important technologies which enable the Fulcrum Platform include Pairwise’s novel SHARC™, base editing, and the REDRAW™ templated editing system.

• SHARC is a proprietary enzyme that works well for cutting, base editing, and REDRAW editing, and is the foundation for a proprietary and comprehensive genome editing toolbox.
• Pairwise’s proprietary base editing and diversification tools enable innovators to “tune” CRISPR edits with great precision. Alongside REDRAW, Pairwise’s templated editing solution, these tools allow access to a wide range of genetic variation, which is key to creating new, distinctive plant varieties much faster and more effectively than conventional breeding.

“We look forward to the team at Solis using our Fulcrum Platform to accelerate their clients’ product research and working with those clients on licensing commercial rights in the future,” said Miller.

Whether through licensing, collaborations, or in-house product development, scientists leverage Pairwise’s leading CRISPR tools, IP, and full Fulcrum Platform for applications in crops of global importance, including climate-friendly short corn, bananas and coffee, blackberries, leafy greens, and more.

Learn more about licensing the Fulcrum Platform, as well as opportunities to develop new products through a collaborative partnership with Pairwise, here.

About Pairwise:

Pairwise is pioneering the application of CRISPR technology in food and agriculture. The company brings together leaders in agriculture, technology, and consumer foods to harness the transformative potential of new genomics technologies to create innovative new products. Pairwise is working to develop new varieties of crops, and to partner with organizations that seek to deliver innovation across the plant-based economy. Backed by industry leading investors Deerfield, Aliment Capital, Leaps by Bayer, and Temasek, Pairwise raised $90 million in a successful series B funding round in February 2021, bringing total fundraising to $115 million. The company was founded by Chief Executive Officer Tom Adams and Chief Business Officer Haven Baker, with scientific co-founders J. Keith Joung, Lead Translator at Arena BioWorks; David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT. For more information, visit Pairwise.com, and learn more about the differentiating Pairwise Fulcrum™ Platform here.

About Solis Agrosciences:

Solis Agrosciences is the trusted partner for high-quality AgTech research services. We generate gene-edited and transgenic crops, plant phenotype and efficacy data, and individually tailored research solutions for our startup and corporate customers. Solis’ highly trained and industry-experienced scientists operate in state-of-the-art facilities in the 39 North Ag Biotech district of St. Louis, Missouri. To partner with Solis, visit SolisAgrosciences.com.

Pairwise, a company pioneering genetics-based innovation in food and agriculture, has developed the world’s first seedless blackberry. Created using the company’s proprietary Fulcrum™ Platform, a complete suite of novel tools for CRISPR application in plants, this is the first time seedlessness has been achieved in any caneberry.

“We are thrilled to share this breakthrough achievement from our talented R&D team. Pairwise scientists have used their deep knowledge of plant genetics, broad suite of CRISPR tools, and multiplex editing techniques to eliminate the hard pits in berry fruit, creating soft, small seeds like those found in grapes and watermelon that are commonly labeled as seedless,” said Ryan Bartlett, Pairwise Chief Technology Officer. “The result is the first seedless blackberry in the world. We expect that this trait will not only transform the blackberry market, but it also lays the groundwork for accelerated progress in removing seeds and pits in many other fruits such as cherries.”

Recent innovations in produce have been rapidly adopted due to the significant benefits they provide consumers, such as improved flavor, consistency, and convenience.  

“The berry variety we edited is consistently sweet year-round and holds up well during shipment; now, consumers will have the option to choose a nutritious blackberry without seeds that also reliably delivers great flavor and quality,” said Haven Baker, Pairwise Co-Founder and Chief Business Officer. “Blackberries are a snackable fruit with significant health benefits; however, data indicates that more than 30% of berry buyers do not like the seeds, and many more do not even buy the fruit because of the seeds.”

In addition to creating the first seedless caneberry, Pairwise has successfully edited the same variety to eliminate thorns and create a more compact plant that delivers benefits for harvesters, growers, and the environment. The thornless and compact traits enable more efficient fruit harvesting and improved productivity and profitability for growers. The new compact trait means the plants are smaller and can be planted at a higher density per acre.

With the precision of CRISPR, we’re able to develop these thornless and compact traits without sacrificing consistency in flavor and quality for consumers,” said Baker. “We’re excited to advance these berries into the next phase of product development, including outdoor field trials, as we work toward scaling up and making them available to the public in a few years.”

“A key challenge in our food system is helping people eat more high-quality, healthy foods. As part of our drive to increase the consumption of fruit and vegetables, we’re working to provide consumers with new, highly nutritious food options with improved flavor and convenience,” said Tom Adams, Pairwise Co-Founder and CEO. “With a deep understanding of the plant genome, an accurate, efficient, and scalable process, and streamlined pathway to commercialization, we are not only creating new products with our proprietary CRISPR technology, we are creating a new era of innovation in agriculture.”

Learn more about Pairwise and its proven Fulcrum Platform here.

About Pairwise:

Pairwise is pioneering the application of CRISPR technology in food and agriculture. The company brings together leaders in agriculture, technology, and consumer foods to harness the transformative potential of new genomics technologies to create innovative new products. Pairwise is working to develop new varieties of crops, and to partner with organizations that seek to deliver innovation across the plant-based economy. Backed by industry leading investors Deerfield, Aliment Capital, Leaps by Bayer, and Temasek, Pairwise raised $90 million in a successful series B funding round in February 2021, bringing total fundraising to $115 million. The company was founded by Chief Executive Officer Tom Adams and Chief Business Officer Haven Baker, with scientific co-founders J. Keith Joung, Lead Translator at Arena BioWorks; David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT. For more information, visit Pairwise.com, and learn more about the differentiating Pairwise Fulcrum™ Platform here.

Pairwise, a company pioneering genetics-based innovation in food and agriculture, launched the first CRISPR food in North America last year – its leafy greens blend, edited with CRISPR for improved flavor. Starting this month, as the next phase of commercialization, Pairwise has entered into an exclusive product licensing agreement with Bayer to further develop and sell the products at scale.

With higher nutrition compared to lettuce, the leafy greens are a mixture of multi-use mustard green varieties that Pairwise edited using the company’s proprietary Fulcrum™ Platform. By dialing down the wasabi-like flavor of the raw leaves, Pairwise created a new product for consumers who prefer a less-pungent taste but still want the nutrition of fresh mustard greens.

This licensing deal is part of Bayer’s new open innovation approach, launched to leverage opportunities for genome edited fruits and vegetables. The agreement allows Bayer to further develop and commercialize 10 varieties of Pairwise-edited greens, and to develop and breed for new varieties with the technology.

“We’re extremely proud to have introduced the first CRISPR food in North America last year, demonstrating our ability to deliver a unique product that people want to buy,” said Tom Adams, Pairwise Co-Founder and CEO. “Bayer is a strong partner for this licensing agreement with considerable market reach that we feel can extend the impact and success of our first consumer product widely into the marketplace.”

“This agreement and its focus on gene edited produce made a substantial contribution to our open innovation approach,” said JD Rossouw, Head of Vegetables Research & Development at Bayer’s Crop Science division. “We are excited by the potential for these products developed by Pairwise as we bring them forward to create a new category of nutritious and great-tasting leafy greens.”

Major innovations in produce, including baby carrots and easy-peel mandarins, have delivered significant consumer benefits such as improving the enjoyment, convenience, and snackability of healthy foods. In addition to successfully introducing the nutritious mustard greens with improved flavor, Pairwise is using CRISPR to accelerate more of these game-changing products across food and agriculture.  

About Pairwise:

Pairwise is pioneering the application of CRISPR technology in food and agriculture. The company brings together leaders in agriculture, technology, and consumer foods to harness the transformative potential of new genomics technologies to create innovative new products. Pairwise is working to develop new varieties of crops, and to partner with organizations that seek to deliver innovation across the plant-based economy. Backed by industry leading investors Deerfield, Aliment Capital, Leaps by Bayer, and Temasek, Pairwise raised $90 million in a successful series B funding round in February 2021, bringing total fundraising to $115 million. The company was founded by Chief Executive Officer Tom Adams and Chief Business Officer Haven Baker, with scientific co-founders J. Keith Joung, Lead Translator at Arena BioWorks; David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT. For more information about the differentiating Pairwise Fulcrum™ Platform, click here.

Pairwise, a food and agriculture company known for bringing the first gene-edited food to the U.S. market, and Bayer today announced a new five-year, multi-million dollar agreement focused on innovations in short-stature corn. This new program leverages Pairwise’s Fulcrum™ platform and builds on the success of the companies’ initial five-year collaboration for corn, soy, wheat, cotton, and canola.

The upcoming collaboration between Pairwise and Bayer will be focused on optimizing and enhancing gene-edited short-stature corn for future use in Bayer’s Preceon™ Smart Corn System. Short-stature corn – with a targeted height of 30 to 40 percent less than traditional corn – is an innovative new approach to growing corn and offers a number of sustainability benefits, including protections from crop loss due to increasingly severe weather events and extreme winds brought about by climate change. Short-stature corn also allows for more precise application of inputs throughout the growing season, sustainably growing more through reduced risk of crop loss.

“Pairwise’s proprietary base editing tools allow for specific changes at virtually any location in the genome, which has the potential to make targeted and much needed improvements in agriculture,” said Bob Reiter, Head of R&D at Bayer’s Crop Science Division. "These kinds of new genomic techniques are extraordinarily focused and produce results much more quickly and precisely than the conventional breeding process, ensuring that we can accelerate the delivery of solutions that growers need."

The initial five-year collaboration focused on corn, soy, wheat, cotton and canola with the aim of empowering producers to grow more with fewer inputs on the same amount of land. The partnership, which concluded in June 2023, resulted in 27 novel traits being transferred into Bayer’s testing programs. Results of the program demonstrated significant commercial value including edited corn phenotypes with a 20 percent increase in kernel row numbers, which could lead to significantly more yield on the same number of acres. Another outcome has been edited soy that reduces the severity of Asian soybean rust, potentially reducing the need for fungicides to combat the disease and protecting the potential for higher yields.

These, and other significant achievements, were made possible through the development of custom gene editing tools by Pairwise. These include REDRAW™, or RNA encoded DNA replacement of alleles with CRISPR, a precise templated editing toolbox that can make any type of small edit at CRISPR-targeted sites. Another tool is SHARC™, a proprietary enzyme that works well for cutting, base editing, and REDRAW editing. These tools will also be used in the new collaboration focused on advancing short-stature corn.

“We look forward to continuing our work with Bayer, with new emphasis on contributing to their novel smart corn system,” added Tom Adams, Co-founder and CEO at Pairwise. “Working closely with Bayer on furthering this revolution in corn gives us the market reach to enable our technology innovations to more quickly adjust to the biggest challenge of our time: the changing climate.”

Pairwise has already demonstrated the successful use of CRISPR and other emerging technologies to accelerate the delivery of new products to markets, and recently launched its first product, Conscious™ Greens into the U.S. foodservice channel. Through the leading use of cutting-edge technologies, and due to the efficiency of the company’s Fulcrum Platform, the product was advanced from concept to commercialization in just four years. In addition, Pairwise works with other innovative companies and has licensed its IP for applications in additional crops of global importance, including licensing elements of the Fulcrum Platform to Tropic Biosciences for applications in banana and coffee.

About Bayer:

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2022, the Group employed around 101,000 people and had sales of 50.7 billion euros. R&D expenses before special items amounted to 6.2 billion euros. For more information, go to www.bayer.com.

Bayer Media inquiries:

Alex Hennig

+49 175 30-89736

alexander.hennig@bayer.com

Forward-Looking Statements: This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Bayer Media Inquiries:

Alex Hennig

+49 175 30-89736

Alexander.Hennig@bayer.com

Bayer Investor Inquiries:

Bayer Investor Relations Team

+49 214 30-72704

ir@bayer.com

www.bayer.com/en/investors/ir-team

Pairwise, a U.S. mission-driven food tech company that uses gene editing to develop new varieties of fruits and vegetables, and Tropic Biosciences (Tropic), a U.K. agricultural technology company focused on tropical crops, announced a deal that will grant access to base editing technologies in order to extend its game-changing potential to critically important crops with major global economic impact.

Base editing allows for precise and targeted changes to DNA and will enable Tropic to further accelerate plant breeding innovation in coffee and banana crops. Pairwise initially licensed base editing technologies from Harvard University, and has proven out the use of that technology across its portfolio, demonstrating the ability to transform and edit over 11 crops to date. The precision that base editing affords has allowed Pairwise to access traits that were not feasible with earlier editing technologies, unlocking a greater scope of natural variation found in these crops. This license agreement further extends the use of this technology to important tropical crops.

“As a mission-driven company, we believe it is imperative to forge alliances with other visionary companies who can extend our mission of building a healthier world,” said Ian Miller, Chief Development Officer of Pairwise. “This deal with Tropic Biosciences is an important step in the development of new varieties of tropical crops upon which billions of consumers and tens of millions of smallholder farmers rely, and further demonstrates the ability of our platform technologies to solve problems across the plant-based economy.”

“Gene editing is a once-in-a-generation type of innovation, and adding this powerful suite of base editing tools to the Tropic Biosciences toolbox will further support our efforts to address pressing challenges in bananas and coffee.” said Gilad Gershon, Chief Executive Officer of Tropic. “The deal with Pairwise is exciting, and will support our mission of bringing important innovation to regions and growers who would greatly benefit from better cultivation efficiencies, and improved sustainable environmental practices.”

Today, Tropic works on the big-acre, tropical crops of bananas, coffee, and rice, using its GEiGS® technology and other advanced breeding techniques. Given the dual pressures of climate change and disease, Tropic’s work could have a profound impact on the 25 million-plus coffee and banana growers worldwide, and the 400 million people who consume bananas and one billion people globally who consume over 1 million kilograms of coffee per year.

Pairwise is currently developing new types of leafy greens, berries, and cherries for consumers in the North American marketplace. Additionally, Pairwise has a $100 million, five-year collaboration with Bayer Crop Science to advance gene editing tools in row crops. In February 2021, Pairwise raised $90 million in a successful series B funding round, bringing total fundraising to $115 million when combined with the series A funding round. In three years, the company has grown to over 130 employees with additional anticipated growth in 2022.

About Pairwise

Driven by the belief that healthy food should be consistently fresh, delicious, and convenient, Pairwise brings together leaders in agriculture, technology, and consumer foods to harness the transformative potential of new genomics technologies to create innovative new products. Pairwise is working to develop new varieties of crops, and to partner with organizations that seek to drive innovation across the plant-based economy. The company was founded by Chief Executive Officer Tom Adams and Chief Business Officer Haven Baker, with scientific co-founders J. Keith Joung, Professor of Pathology at Harvard Medical School, David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT.

About Tropic Biosciences

Tropic Biosciences is one of the world’s leading agricultural gene-editing companies. Its team of over 120 professionals focuses on utilizing a unique suite of genetic technologies (e.g. CRISPR, GEiGS®) in addressing some of the most critical agricultural and environmental challenges in the massive coffee, banana and rice industries. For more information, visit http://www.tropicbioscience.com/.

Some nations struggle with widespread lack of access to nutritious foods and the related hunger, while other nations are facing significant challenges related to increasing levels of obesity due to diets high in fats, sugars and processed carbohydrates.

Pairwise’s CEO Dr. Tom Adams joined the Alliance for Science in a panel discussion that explores the impact of gene editing on development and cultivation of nutritious foods that will help to address these intractable problems and positively transform our food systems.

‍

Spotify

Apple Podcasts

Pairwise announced the closing of its $90 million Series B funding round, signaling a new frontier in healthy, sustainable food innovation. Funding for the round was led by Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), a pioneering growth capital investor in food and agriculture technology, and existing investor Deerfield Management Company (Deerfield), an investment firm dedicated to advancing healthcare through investment, information and philanthropy. Also joining the Series B round are new investor Temasek, an investment company headquartered in Singapore, and existing investor Leaps by Bayer, which invests in paradigm-shifting advances in the life sciences sector, including agriculture and health.

Through the company’s unique use of CRISPR technology, Pairwise will help build a healthier world by introducing better fruits and vegetables with improved taste, enhanced convenience, increased shelf life, improved yield, simplified harvesting, or lengthened season availability.

As a leading mission-driven food tech company, Pairwise is using its cutting-edge technology to break down barriers to increase consumption of fresh produce. Today, only 10% of Americans eat the recommended daily allowance of fruits and vegetables, according to the CDC. To address challenges with inconsistent flavor, seeds, shelf life, year-round availability, and snackability, Pairwise will bring to the produce aisle new varieties of nutritious fruits and vegetables that consumers will love to eat, and will help to minimize waste.  Pairwise believes the use of technology offers a transformative opportunity to open a new horizon for the $66 billion U.S. retail produce market, and is currently developing new types of leafy greens, berries, and cherries.  Its first product is expected in 2022.

“People see innovation all around them, except in the produce aisle. We will give consumers new options that make healthy eating easier and more exciting,” said Pairwise CEO Tom Adams. “With this additional funding from industry-leading investors, Pairwise is taking a bold step toward achieving our mission of building a healthier world.”

“Pontifax AgTech is pleased to co-lead this funding round for Pairwise, one of the leading companies using technology in food and agriculture today,” said Pontifax AgTech Co-Founder and Managing Partner Ben Belldegrun. “COVID-19 reinforces the importance of health and nutrition and Pairwise provides consumers with new options in their produce aisle.  Our investment in Pairwise reflects our thematic focus on the convergence of biotechnology and agriculture and the use of CRISPR technology to improve health and nutrition in food and agriculture. We believe that the combination of Pairwise’s gene editing platform, plant breeding expertise, and consumer food understanding creates a powerful engine that will be a game changer.”

“Deerfield is pleased to co-lead and to expand our investment in Pairwise,” said Cam Wheeler, Deerfield Partner. “Deerfield focuses on curing disease and advancing healthcare. We believe a healthy diet is an important part of the equation and Pairwise’s products will do this by making healthy options more attainable and available.”

Pairwise has built a unique crop trait development platform, based on gene editing technology licensed from leading research organizations, including Massachusetts General Hospital (MGH) and the Broad Institute of MIT and Harvard (Broad Institute). The company was founded by CEO Dr. Tom Adams and Chief Business Officer Dr. Haven Baker, with co-founders Dr. David Liu, of Harvard University, Dr. Feng Zhang, of Massachusetts Institute of Technology, and Dr. J. Keith Joung, of Massachusetts General Hospital.

Pairwise announced $25 million in Series A funding in March 2018, led by Deerfield and what is now Leaps by Bayer, to develop its gene editing platform and initial product portfolio. At the same time, the company also announced a $100 million collaboration with what is now Bayer Crop Science to advance gene editing tools in corn, soybeans, wheat, canola and cotton. This work continues, with advancements ahead of schedule in tools addressing broad challenges like productivity, diseases, weather needs, and other critical factors to long term, sustainable growth for these row crops.

In less than three years, the company has grown to 100 team members across two locations in Durham, North Carolina, with additional growth anticipated in 2021.

About Pairwise

Driven by the belief that whole food should be healthy, delicious, and convenient, Pairwise brings together leaders in agriculture, technology, and consumer foods to harness the transformative potential of new genomics technologies to create innovative new products. Pairwise is working to develop new varieties of crops, and to partner with food and agriculture companies who seek to put nutritious food on tables across North America. The company was founded by CEO Tom Adams and Chief Business Officer Haven Baker, with scientific co-founders J. Keith Joung, Professor of Pathology at Harvard Medical School, David Liu, Director of the Merkin Institute of Transformative Technologies in Healthcare, and Vice-Chair of the Faculty at the Broad Institute of Harvard and MIT; and Feng Zhang, McGovern Investigator and a professor at MIT.

About Pontifax

Founded in 2013, Santa Monica, Calif.-based Pontifax AgTech is a growth capital investor in food and agriculture technology.  The firm invests globally in established businesses with proven technologies that improve productivity, efficiency, and sustainability in the food and agriculture supply chain, as well as nutrition and health. Other portfolio companies include Tropic Biosciences, Precision Bioscience, Caribou Biosciences, Anuvia, Provivi, The Bouqs, FoodlogiQ, Conservis, and AgBiome.  Pontifax AgTech currently manages $471 million in assets. The Pairwise investment reflects Pontifax AgTech’s continued thematic focus on the convergence of biotechnology and agriculture.  For more information, visit www.pontifaxagtech.com.

About Deerfield

Deerfield is a healthcare investment firm committed to advancing healthcare through investment, information and philanthropy. For more information, visit www.deerfield.com.

About Temasek

Temasek is an investment company with a net portfolio value of S$306 billion (US$214b) as of 31 March 2020. Our three roles as an Investor, Institution and Steward, as defined in our Temasek Charter, shape our ethos to do well, do right and do good. Our investment philosophy is anchored around four key themes: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. We actively seek sustainable solutions to address present and future challenges, as we capture investment and other opportunities that help to bring about a better, smarter and more sustainable world. Headquartered in Singapore, we have 11 offices around the world. For more information on Temasek, please visit www.temasek.com.sg