Agilent Technologies Inc. (NYSE: A) (“Agilent”) today announced that it has acquired the molecular and sample barcoding patent portfolios of Population Genetics Technologies (“Population Genetics”). Founded in 2005, Population Genetics was formed to commercialize the intellectual property portfolio of Nobel Laureate Sydney Brenner focused on high sensitivity and high specificity Next Generation Sequencing (“NGS”) detection. In 2015, Population Genetics became an IP holding entity with over 30 patents. Financial terms of the purchase were not disclosed.
AgriMetis, the crop protection spin-off from healthcare innovation firm Acidophil, has raised $23.5 million in Series B funding in an oversubscribed round led by Anterra Capital.
From beneficial microbes to drones, the field of agriculture is a fertile one for start-ups. But young businesses usually avoid working on chemical crop protection. Long, costly development timelines for novel products make it a tough row to hoe. That makes AgriMetis a standout. The firm plans to thrive by developing herbicides, insecticides, and fungicides with new modes of action.