The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 1,860.00
Bid: 1,860.00
Ask: 1,872.00
Change: -8.00 (-0.43%)
Spread: 12.00 (0.645%)
Open: 1,830.00
High: 1,890.00
Low: 1,830.00
Prev. Close: 1,868.00
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
3rd Feb 202010:51 amRNSBlock listing Interim Review
23rd Jan 20203:52 pmRNSNotification of Major Holdings
2nd Jan 202010:02 amRNSTotal Voting Rights
12th Dec 20192:17 pmRNSNOTIFICATION OF MAJOR HOLDINGS
2nd Dec 20194:45 pmRNSTotal Voting Rights
20th Nov 20197:00 amRNSAppointment of Chief Financial Officer
15th Nov 20196:18 pmRNSDirector/PDMR Shareholding
14th Nov 20191:23 pmRNSResult of AGM
14th Nov 20197:00 amRNSAGM TRADING UPDATE
1st Nov 201912:05 pmRNSTotal Voting Rights
14th Oct 20198:00 amRNSAnnual Report and Annual General Meeting
10th Oct 20193:30 pmRNSDirector/PDMR Shareholding
3rd Oct 20193:06 pmRNSNOTIFICATION OF MAJOR HOLDINGS
2nd Oct 20193:38 pmRNSNotification of Major Holdings
1st Oct 20195:23 pmRNSTotal Voting Rights
20th Sep 201912:38 pmRNSDirector/PDMR Shareholding
18th Sep 20196:09 pmRNSDirector/PDMR Shareholding
17th Sep 20191:24 pmRNSDirector/PDMR Shareholding
12th Sep 20192:59 pmRNSDirector/PDMR Shareholding
11th Sep 20198:02 amRNSCORRECTION: Outcome of IntelliGen Litigation
11th Sep 20197:00 amRNSOutcome of latest IntelliGen Litigation
10th Sep 20197:00 amRNSOUTCOME IN LATEST INTELLIGEN LITIGATION
5th Sep 20197:00 amRNSPreliminary Results
22nd Aug 20197:00 amRNSAppointment of Chief Executive Officer
1st Aug 20195:49 pmRNSBlock listing Interim Review
1st Aug 20195:46 pmRNSTotal Voting Rights
30th Jul 201912:12 pmRNSNOTIFICATION OF MAJOR HOLDINGS
9th Jul 20195:12 pmRNSNotification of Major Holdings
3rd Jul 20197:00 amRNSNotification of Major Holdings
1st Jul 20191:45 pmRNSTotal Voting Rights
18th Jun 20193:29 pmRNSNotification of Major Holdings
3rd Jun 20195:43 pmRNSTotal Voting Rights
24th May 20196:03 pmRNSDirector/PDMR Shareholding
16th May 20199:58 amRNSStrategic porcine collaboration in China
1st Apr 20191:54 pmRNSTotal Voting Rights
25th Mar 20197:00 amRNSGenus Chief Executive Transition
4th Mar 20193:11 pmRNSDirector/PDMR Shareholding
1st Mar 20192:00 pmRNSTotal Voting Rights
28th Feb 20197:00 amRNSInterim Results
1st Feb 20192:00 pmRNSBlock listing Interim Review
2nd Jan 20192:49 pmRNSTotal Voting Rights
11th Dec 20181:37 pmRNSDirector/PDMR Shareholding
7th Dec 20187:00 amRNSResult of placing to raise approximately £68m
6th Dec 20184:41 pmRNSProposed placing to raise approximately £68m
21st Nov 201812:00 pmRNSDirector Declaration
15th Nov 20184:00 pmRNSResult of AGM
15th Nov 20187:00 amRNSAGM Trading Update
1st Nov 20182:00 pmRNSTotal Voting Rights
12th Oct 20184:53 pmRNSAnnual Report and Annual General Meeting
12th Oct 20184:37 pmRNSDirector/PDMR Shareholding

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.