Moolec Science Achieves USDA-APHIS Regulatory Status Review Clearance for Molecular Farming Product
Luxembourg, Apr 05, 2023 - (ACN Newswire) - Moolec Science SA (NASDAQ:MLEC) ("Company" or "Moolec"), a Molecular Farming food-ingredient company, announced today that the Animal and Plant Health Inspection Service ("APHIS") of the U.S. Department of Agriculture ("USDA") has concluded that Moolec's GLA safflower plants pose no greater plant pest risk than non-genetically engineered safflower plants according to regulation found at 7 CFR part 340. To access the Regulatory Status Review ("RSR") response from USDA-APHIS, click here. https://pr.report/piWafISN Moolec's CEO and co-founder Gaston Paladini stated, "This important milestone reinforces our go-to-market path and validates our proposed regulatory strategy. Also, it complements the FDA's food safety reviews and approvals already obtained for our GLA safflower oil (GLASO)." He finished by declaring, "The green light from USDA-APHIS bolsters the idea of the safe use of Molecular Farming technology to improve nutritional profile for end food products. Moolec is very excited that its innovative food ingredients are a key part of the bioeconomy."
Martin Salinas, Chief of Technology and co-founder of Moolec, expressed, "This will greatly increase the efficiency of our operations, including raw material procurement, downstream crushing, and processing. We will no longer need USDA-APHIS permits to import, move interstate or grow these plants in the field in the United States." He concluded, "We are positive that this achievement paves the way for our upcoming regulatory reviews in our pipeline."
According to USDA-APHIS regulation found at 7 CFR part 340, developers may submit a request for a RSR when they believe a genetically engineered ("GE") plant is not subject to the regulation. APHIS reviews the GE plant and considers whether it might pose an increased plant pest risk compared to its non-GE comparator. If APHIS does not identify a greater pest risk relative to the comparator, the GE plant is not subject to this regulation. Regulation 7 CFR part 340 governs the importation, interstate movement, and the environmental release of certain organisms that have been modified or produced by genetic engineering.
About Moolec Science SA
Moolec is a science-based food ingredient company focused on producing animal proteins in plants through Molecular Farming, a disruptive technology in the alternative protein landscape. Its purpose is to upgrade taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The Company's technological approach aims to have the cost structure of plant-based solutions with the organoleptic properties and functionality of animal-based ones. Moolec's technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company's product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops, like safflower, soybean, and pea. Moolec has a growing international patent portfolio (23, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of Ph.Ds and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit www.moolecscience.com.
Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec Science S.A. ("Moolec") are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec's business and other risks and uncertainties, including those included under the header "Risk Factors" in the Form F-1 Registration Statement filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec's other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.
Contact Information Catalina Jones Chief of Staff & Sustainability comms@moolecscience.com
Martin Taraciuk Investor Relations ir@moolecscience.com
Michael Bowen ICR, LLC moolecir@icrinc.com
Related Files Moolec Science Achieves USDA-APHIS Regulatory Status Review Clearance for Molecular Farming Product https://cdn.newswire.com/files/x/03/7c/bcbadb44190484d6da7107cf3b7c.pdf
SOURCE: Moolec Science
Source: Moolec Science SA Sectors: BioTech, Healthcare & Pharm
Copyright ©2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
 Hitachi High-Tech Launches Dark Field Wafer Defect Inspection System DI4600 to Provide High Throughput and High-Precision Defect Detection on Patterned Wafers Dec 06, 2023 17:38 JST
|  Fujitsu optimizes installation of EV charging infrastructure in India with Fujitsu Fleet Optimization solution trial Dec 06, 2023 11:02 JST
|  Fujitsu Finland to provide comprehensive IT services to Kempower, provider of electric vehicle fast charging solutions Dec 05, 2023 10:52 JST
|  DENSO Announces Organizational and Executive Changes Dec 04, 2023 18:12 JST
|  All-New Triton Earns Top Rating in 2023 ASEAN NCAP Dec 04, 2023 17:07 JST
|  Fujitsu and KDDI Research successfully implement large-capacity multiband wavelength multiplexing transmission with installed optical fiber Dec 04, 2023 10:34 JST
|  GC Collaborates with MHI to explore the utilization of hydrogen, ammonia and CCS technology to develop a large-scale petrochemical plant to achieve Net Zero Dec 01, 2023 17:22 JST
|  NEC named among IAM's 2023 Asia IP Elite Dec 01, 2023 14:50 JST
|  Eisai's Sales Subsidiary Collaborates with Ministry of Public Health (MOPH) in Thailand Nov 30, 2023 16:25 JST
|  Boosting Growth Investment to Power Mobility Company Transformation Toyota-DENSO Capital Ties Revised Nov 30, 2023 16:17 JST
|  Olympus's Net-Zero Targets Approved by SBTi Nov 30, 2023 11:00 JST
|  Fujitsu and Macquarie University establish new research lab to accelerate development of human sensing and generative AI technologies Nov 30, 2023 09:34 JST
|  NEC X and Entrepreneurs Roundtable Accelerator (ERA) Forge Strategic Partnership to Advance East Coast-based Startups Nov 29, 2023 18:37 JST
|  MHI Selected as Core Company for New Research Reactor for JAEA Nov 29, 2023 18:22 JST
|  Toyota: Sales, Production, and Export Results for October 2023 Nov 29, 2023 16:17 JST
|  Toyota Re-introduces the Land Cruiser "70" in Japan Nov 29, 2023 13:30 JST
|  Mitsubishi Shipbuilding Holds Christening and Handover Ceremony in Shimonoseki for Demonstration Test Ship for Liquefied CO2 Transport Nov 28, 2023 17:47 JST
|  Hitachi awarded Sustainable Markets Initiative 2023 Terra Carta Seal Nov 28, 2023 17:43 JST
|  MHI Succeeded Combustion Test of Ammonia Single-Fuel Burners Nov 28, 2023 16:40 JST
|  JCB partners with FrenchSys to boost card acceptance across France Nov 28, 2023 12:00 JST
|
More Latest Release >>
|