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Floragenex/IFSI technology deal

US maize genetics company Illinois Foundation Seeds (IFSI - Tolono, Illinois) and US-based genomics company Floragenex (Eugene, Oregon) have agreed an investment deal that will give IFSI access to Floragenex’s restriction-site associated DNA (RAD) sequencing technology to assist research and breeding efforts in the dent corn and sweetcorn sectors. As part of the transaction, Tim Johnson, divisional president of IFSI will join the board of Floragenex to provide support as the company continues to grow into new markets and reach new customers. Financial terms of the agreement were not disclosed.



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