We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGenus Regulatory News (GNS)

Share Price Information for Genus (GNS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,736.00
Bid: 1,718.00
Ask: 1,732.00
Change: 32.00 (1.88%)
Spread: 14.00 (0.815%)
Open: 1,684.00
High: 1,736.00
Low: 1,684.00
Prev. Close: 1,704.00
GNS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Capital Markets Event

1 Nov 2023 07:00

RNS Number : 9331R
Genus PLC
01 November 2023
 

 

For Immediate Release

1 November 2023

 

Genus plc

("Genus", the "Group" or the "Company")

Capital Markets Event - Delivering the PRRS Resistant Pig ("PRP")

 

Genus plc (LSE:GNS), a leading global animal genetics company, is hosting a Capital Markets Event ("CME") today at 10.00am in London for institutional investors and sell-side analysts.

Chief Executive Officer, Jorgen Kokke, and Chief Financial Officer, Alison Henriksen, will be joined by senior leaders from the Group's porcine division, Pig Improvement Company ("PIC"), to take a deep dive into the Group's pioneering PRRS* Resistant Pig ("PRP") programme and the path to commercialisation.

PRRS is the most economically significant disease affecting US pork production1. Symptoms of PRRS include fever, respiratory distress, premature births and increased post wean mortality. Genus has demonstrated that its PRP is resistant to prevalent PRRS strains2.

 

The Company is preparing for commercialisation of PRP whilst regulatory approvals in various countries are in progress. The Colombian government was the first to issue a positive determination for PRP last month, and, as previously outlined, Genus anticipates approval from the United States Food and Drug Administration ("FDA") in the first half of 2024.

 

Speakers at the event will outline:

· The strength of PIC's platform; market-leading genetics, a well-invested global supply chain to disseminate PRP genetics to customers, deep relationships with long-term customers underpinned by the royalty model and a world class team

· The technical performance of PRP genetics; how the CD163 gene edit works, why PIC's research shows it delivers PRRS resistance, the strong intellectual property position and how PIC breeds homozygous edited animals

· The impact PRRS has on the pork value chain; PRRS is an increasingly endemic global disease affecting almost all major pork producing regions. Research suggests that more than 60% of US sow herds are PRRS positive at any given time3 and that the average cost to US pig farmers is approximately $6/pig

· How PIC plans to disseminate PRP genetics; investments PIC has made in the PRP supply chain ahead of commercialisation and how dissemination to customer systems will work in practice once FDA and other regulatory approvals have been granted

· PIC's strategy for driving market acceptance; how PIC is developing thoughtful and responsible messaging for all stakeholders in the pork value chain, the research investments PIC is making to quantitatively demonstrate the welfare and sustainability benefits, and the industry partners PIC is working with to communicate the shared benefits of PRP

· The PRP regulatory timeline; progress being made with the FDA and regulatory bodies in other countries, including those that are important US export markets

· The opportunity for Genus; the global market opportunity, the potential financial performance of PRP in the US and the prospect of compelling returns on Genus's investments

A copy of the CME presentation will be made available on the Group's investor relations website (https://www.genusplc.com/investors) and a recording of the event will be published as soon as practicable after the event.

 For further information please contact:

Genus plc Tel: +44 (0)1256 345 970

Jorgen Kokke, Chief Executive Officer

Alison Henriksen, Chief Financial Officer

Anand Date, Investor Relations Director

Buchanan Tel: +44 (0)207 466 5000

Charles Ryland; Chris Lane; Sophie Wills; Verity Parker

About Genus

Genus is a world-leading animal genetics company. Genus creates advances to animal breeding and genetic improvement by applying biotechnology and sells added value products for livestock farming and food producers. Its technology is applicable across livestock species and is currently commercialised by Genus in the dairy, beef and pork food production sectors.

Genus's worldwide sales are made in over seventy-five countries under the trademarks 'ABS' (dairy and beef cattle) and 'PIC' (pigs) and comprise semen, embryos and breeding animals with superior genetics to those animals currently in farms. Genus's customers' animals produce offspring with greater production efficiency, and quality, and use these to supply the global dairy and meat supply chains.

The Group's competitive edge has been created from the ownership and control of proprietary lines of breeding animals, the biotechnology used to improve them and its global supply chain, technical service and sales and distribution network.

With headquarters in Basingstoke, United Kingdom, Genus companies operate in over twenty-five countries on six continents, with research laboratories located in Madison, Wisconsin, USA.

* Porcine Reproductive and Respiratory Syndrome virus

1 "Swine Disease Manual" (4th Edition), Edited by EJ Neumann, A Ramirez, and KJ Schwartz, Iowa State University, College of Veterinary Medicine; https://vetmed.iastate.edu/vdpam/about/production-animal-medicine/swine/swine-disease-manual

2 Studies of the safety and efficacy of Genus's PRP are being reviewed by the US Food and Drug Administration and other regulatory agencies around the world

3 University of Minnesota, Morrison Swine Health Monitoring Program

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBRBDGSXXDGXB
Date   Source Headline
22nd Feb 20247:00 amRNSInterim Results
15th Feb 20247:00 amRNSTrading Update
1st Feb 20244:24 pmRNSBlock listing Interim Review
1st Feb 20244:21 pmRNSTotal Voting Rights
12th Dec 20237:00 amRNSNon-Executive Director Appointment
22nd Nov 20231:08 pmRNSResult of AGM
22nd Nov 20237:00 amRNSAGM Trading Update
1st Nov 20234:46 pmRNSTotal Voting Rights
1st Nov 20237:00 amRNSCapital Markets Event
13th Oct 20237:00 amRNSAnnual Report and Annual General Meeting
5th Oct 202310:19 amRNSPos. determination-PRRS resistant pigs-Colombia
2nd Oct 202311:12 amRNSTotal Voting Rights
15th Sep 20231:07 pmRNSDirector/PDMR Shareholding
15th Sep 202310:04 amRNSDirector/PDMR Shareholding
7th Sep 20237:00 amRNSPreliminary Results
25th Aug 20238:35 amRNSNotification of Major Holdings
23rd Aug 20239:25 amRNSDirectorate Change
1st Aug 202311:41 amRNSBlock listing Interim Review
1st Aug 202311:36 amRNSTotal Voting Rights
3rd Jul 202311:02 amRNSTotal Voting Rights
16th Jun 20235:33 pmRNSNational Milk Records plc - Form 8.3
16th Jun 20235:10 pmRNSForm 8.3 (OPD) - National Milk Records plc
8th Jun 20233:51 pmRNSDirector/PDMR Shareholding
7th Jun 20235:11 pmRNSNotification of Major Holdings
7th Jun 20235:08 pmRNSNotification of Major Holdings
5th Jun 20239:12 amRNSAdditional Listing
24th May 20234:54 pmRNSNotification of Major Holdings
18th May 20231:32 pmRNSDirector/PDMR Shareholding
16th May 20236:16 pmRNSDirector/PDMR Shareholding
16th May 20237:00 amRNSTrading Update
9th May 20234:30 pmRNSNotification of Major Holdings
3rd May 20238:44 amRNSTotal Voting Rights
2nd May 20237:00 amRNSShare Award for Incoming CEO
3rd Apr 202311:27 amRNSTotal Voting Rights
3rd Apr 20237:00 amRNSAppointment of Chief Executive Officer Designate
21st Mar 20232:58 pmRNSApplication for Block Listing
6th Mar 202312:53 pmRNSNotification of Major Holdings
2nd Mar 20231:51 pmRNSNotification of Major Holdings
1st Mar 20232:20 pmRNSNotification of Major Holdings
24th Feb 20235:13 pmRNSDirector/PDMR Shareholding
24th Feb 202311:39 amRNSNotification of Major Holdings
23rd Feb 20239:33 amRNSReplacement: Interim Results
23rd Feb 20237:00 amRNSChief Executive Officer Retirement
23rd Feb 20237:00 amRNSInterim Results
21st Feb 20235:03 pmRNSNotification of Major Holdings
10th Feb 20232:08 pmRNSNotification of Major Holdings
1st Feb 202310:00 amRNSBlock listing Interim Review
23rd Nov 20221:02 pmRNSResult of AGM
23rd Nov 20227:00 amRNSAGM Trading Update
3rd Nov 20227:00 amRNSRuthin Site Visit

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.