Devgen is a top 10 public agro biotech company with agricultural business units focused on developing and commercializing:
- a novel generation of biotech products to protect a wide spectrum of crops from damage incurred from pests;
- biotech traits and germplasm to meet the growing needs for high yielding, high quality hybrid rice and selected small grains in India and S.E. Asia;
- agro-chemical products with a safer and more environmental friendly profile to protect crops from damage inflicted by plant parasitic nematodes.
Devgen’s biopharmaceutical division develops a new class of preclinical drug candidates, based on novel therapeutic concepts, for treatment of a range of inflammatory and metabolic disease (diabetes, obesity) and arrhythmia.
Devgen has entered in partnerships with industry leaders in biotechnology and agro chemistry. Incorporated in 1997, Devgen has offices in Ghent (Belgium), Singapore and Hyderabad (India), with a total work force of about 100 people. Devgen is listed on Eurolist by Euronext Brussels (ticker: DEVG) since June 2005. For more information on Devgen, please visit the company’s web site: www.devgen.com.
Key in enabling these discoveries is the company’s ability to model these complex human diseases involving multiple organs and complex physiological processes in the model organism C. elegans in combination with the company’s associated RNAi knockdown technology. Metabolic diseases and their complications (diabetes, obesity and arrhythmia) are an important and growing disease area representing significant unmet medical needs in which the pharmaceutical industry seeks to strengthen its preclinical and clinical pipelines, paying premium prices due to the scarcity of novel concepts and programs.
Devgen believes that it should be in a position to out-license some of its programs in this area to potential partners within the next 12 to 24 months. In the event an out-licensing agreement is effectively put in place, this could provide a substantial upside for the company.
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