AquaBounty Technologies
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| Industry | Biotechnology aquaculture |
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| Founded | 1991[1] |
| Headquarters | Waltham, Massachusetts [1] |
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Key people
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Ronald L. Stotish (President & CEO) |
| Website | aquabounty.com |
AquaBounty Technologies is a biotechnology company based in Maynard, Massachusetts, United States. The company is notable for its research and development of genetically modified fish.[2] It aims to create products that aim to increase the productivity of aquaculture.[3]
Contents
Products
The company has developed hybrid salmon, trout, and tilapia designed to grow faster than traditional fish.
Their hybrid Atlantic salmon incorporates a gene from a Chinook salmon, which bears a single copy of the stably integrated α-form of the opAFP-GHc2 gene construct at the α-locus in the EO-1α line (Ocean Pout AKA Eel).[4] AquaBounty has patented and trademarked this fish as the AquAdvantage salmon, a sterile Atlantic salmon female that can grow to market size in half the time of conventional salmon.[5]
The company also produces antifreeze proteins; and conducts research and development programs related to the commercialization of cryo preservatives and the antifreeze gene constructs.[3]
Finances
In 2012, a New York Times article reported the finances of AquaBounty were not in good shape and the company had to reduce staff from 27 to 12.[6] In March 2012, AquaBounty raised US$2 million in new capital, but this would only last until the end of the year.[6]
Georgian investor Kakha Bendukidze owned 47.6% of the company's stock before selling to American synthetic biology firm Intrexon in October 2012. Intrexon put up $500,000 in bridge financing and offered to buy the rest of the company.[5][7] Intrexon acquired majority ownership of Aquabounty in 2013.[8]
References
- ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.democracynow.org/2016/5/20/headlines/canada_approves_sale_of_genetically_modified_salmon
- ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 6.0 6.1 Pollack, Andrew (21 May 2012) An Entrepreneur Bankrolls a Genetically Engineered Salmon. The New York Times, Retrieved 3 October 2012
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Jacob Bunge (15 December 2015) Firm Bets on Biotech That Changes How Food Is Produced. The Wall Street Journal, retrieved 30 January 2016
External links
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