PlantArcBio announced a new collaboration agreement with Bioceres Crop Solutions Corp. leveraging PlantArcBio's identified genes and Bioceres expertise in development of drought tolerant crops. In this collaboration, PlantArcBio has granted Bioceres the exclusive licensing rights to its biomass & drought resistance genes for Alfalfa worldwide; those genes were discovered by PlantArcBio in soil samples taken from the Dead Sea and have already proven their impact on biomass increase and drought resistance in several crops to date. Bioceres will develop Alfalfa varieties incorporating those traits and will commercialize them through its global presence. The agreement is contingent upon the successful incorporation of the genetic traits. Bioceres has developed a pipeline of alfalfa technologies currently at different stages of development, including drought tolerance, incrbeased biomass and improved plant architecture. HB4 Alfalfa (drought tolerance) and different crop protection platforms are all entering regulatory stage.