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CTVA - Calyxt To Exit Farming Operations And Focus On Seed Science
Corteva Inc.
Project delays and slower than anticipated growth contradicts CLXT's business model that claim a speedy development cycle using novel gene-editing technologies.
After unprofitable commercialization of the high oleic soybean oil, CLXT is shifting strategy to focus solely on seed production and tech licensing.
The simplification of the business model will allow CLXT to focus on scientific innovations and lower the demand on working capital funding.