Tuesday, 29 September 2020

Korea firm licenses genome engineering kit to Thermo Fisher

16 March 2015 | News | By BioSpectrum Bureau

ToolGen licenses genome engineering kit to Thermo Fisher

ToolGen has licensed genome engineering kit to Thermo Fisher

ToolGen has licensed genome engineering kit to Thermo Fisher

Singapore: ToolGen, a Korean biotechnology company with a focus in the genome editing space, has licensed its CRISPR/Cas9 intellectual property portfolio to Thermo Fisher Scientific.

Thermo Fisher will utilize the technology to develop and market new CRISPR reagent kits, bringing new tools to researchers working in the rapidly growing field. The kits will augment Thermo Fisher's strong portfolio in the complementary transcription activator-like effector nucleases (TALEN) technique.

Scientists have begun to use the CRISPR/Cas9 system, which was originally identified as part of the adaptive immune system of many bacterial species, for targeted genome engineering in eukaryotic cells. The licensed intellectual property is based, in part, on the discovery by Dr Jin Soo Kim, a researcher at Seoul National University and co-founder of ToolGen, that the CRISPR/Cas9 system can be used to engineer cells found in multicellular organisms such as mammals, plants and fungi.

Under the terms of the agreement, Thermo Fisher Scientific is granted a worldwide license for research applications including the development and sale of reagents, cell lines, and animal models, as well as rights for high throughput screening, diagnostics, and bioproduction. Thermo Fisher Scientific also has the right to grant sublicenses in each of these fields. ToolGen retains its rights in broad areas including high throughput screening, diagnostics, bioproduction, plant biotechnology and gene/cell therapy.

"This license agreement further strengthens the relationship between ToolGen and Thermo Fisher in the area of genome editing," Mr Jongmoon Kim, CEO, ToolGen. "It shows the importance of ToolGen's IP within the complex CRISPR IP landscape and demonstrates our focus on establishing global partnerships to maximize the potential of our technologies for a wide array of applications."

"Genome editing technologies are among the most exciting innovations in the life science in recent years, truly enabling scientists to understand gene function, the underlying molecular mechanisms for cell function and disease onset and progression" said Mr Helge Bastian, vice president and general manager, synthetic biology at Thermo Fisher Scientific.

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