- Thinly traded nano cap Ceres (NASDAQ:CERE-OLD +172.9%) zooms north on a 10x surge in volume in response to its announcement that the USPTO issued a patent covering its iCODE multi-gene trait development system. According to the company, the patent is a key milestone in its plan to further develop and license the technology to other crop companies.
- The iCODE system is designed to rapidly create, evaluate and select optimal combinations of genes and their control components for next-generation biotechnology traits in crops like corn and soybean. It utilizes the plant cell's own gene-shuffling system to create thousands of test plants with various combinations of pre-selected genes and promoters (on/off switches for genes).