Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - YIELD10 BIOSCIENCE, INC. | ytenexhibit99101-26x17.htm |
| 8-K - 8-K - YIELD10 BIOSCIENCE, INC. | yten-20170126fieldtrialupd.htm |
Today
Highlights of 2016 Camelina Field Tests for the C3003 Gene Trait
Janu ry 26, 2017
Yield10 Bioscience Inc.
(NASDAQ:YTEN) – Investor Presentation
Today
Safe Harbor Statement*
The statements made by Yield10 Bioscience, Inc. (the “Company,” “we,” “our” or “us”) herein regarding the Company and its business may be
forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements describe the Company’s future plans, projections, strategies and expectations, including statements regarding future
results of operations and financial position, business strategy, prospective products and technologies, timing and likelihood of success, and
objectives of the Company for the future, and are based on certain assumptions and involve a number of risks and uncertainties, many of
which are beyond the control of the Company, including, but not limited to, the risks detailed in the Company’s Quarterly Report on Form 10-Q
for the quarter ended September 30, 2016 and other reports filed by the Company with the Securities and Exchange Commission (the “SEC”).
Forward-looking statements include all statements which are not historical facts, and can generally be identified by terms such as anticipates,
believes, could, estimates, intends, may, plans, projects, should, will, would, or the negative of those terms and similar expressions.
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and
may be beyond the Company’s control, you should not rely on these statements as predictions of future events. Actual results could differ
materially from those projected due to our history of losses, lack of market acceptance of our products and technologies, the complexity of
technology development and relevant regulatory processes, market competition, changes in the local and national economies, and various
other factors. All forward-looking statements contained herein speak only as of the date hereof, and the Company undertakes no obligation to
update any forward-looking statements, whether to reflect new information, events or circumstances after the date hereof or otherwise,
except as may be required by law.
*Under the Private Securities Litigation Reform Act of 1995
2
Today
Yield10 Bioscience is working to produce step-change improvements
in crop yield to enhance global food security
Company Overview and Objective
• Headquartered in Woburn, MA USA
• Oilseeds center of excellence in Saskatoon, Canada
Yield10 is bringing the extensive expertise and track record of Metabolix in
optimizing the flow of carbon in living systems to the agriculture sector with a
focus on increasing yield in key row crops
• Our technology is based on 15 plus years of cutting edge crop metabolic engineering
research
• 10 recent patent applications for increased crop yield
• Initial development targets include canola, soybean and corn
• Additional market opportunities include licensing or partnering in other crops
“Step-change improvements” - Yield10 is targeting >10 bushel/acre increases in
our key row crop targets
• This is a very challenging goal, today we will present a technical update on
progress from field testing of our lead trait C3003
3
Today
Fundamentally increasing crop yield is a complex two-step carbon optimization problem
Yield 10 Approach
1) Increase the rate of carbon fixation in crops having the C3 (e.g. soybean) and C4 (e.g. corn) photosynthetic systems
2) Directing the increased fixed carbon to the harvested part of the plant, mostly seed
4
CO2
per acre or unit
input
Fix more carbon
Enhanced Carbon Capture
Photosynthesis
(Source)
Plant Central Metabolism
Robust plants with targeted
carbon deposition
Starch or oil
Biomass
Seed Yield
Nutrition
Industrial
Products
Carbon fixed in products
(Sink)
“Enhanced Carbon Capture >>>> Targeted Carbon Deposition”
The Yield10 technology platform leverages advanced metabolic engineering systems and proprietary transcriptome
network analysis to enhance carbon capture and control metabolic pathways driving crop yield
Today
Innovative Approach to Increasing Seed Yield in C3 Crops
(vast majority of food consumed by humans, e.g., canola, soybean, rice, wheat and potato)
Smart Carbon Grid for Crops
5
CO2
Enhance photosynthesis
(carbon capture)
Biomass
Seed (Food) Sugar
CO2
CO2
+
+
Reduce photorespiration
~35% potential yield increase
Shift carbon distribution from
biomass to seed
~5-20% potential yield increase
C3003 trait
C3004 trait
Central metabolism
Focus of January 26 investor call
C3005, C3006 traits
Today
Photorespiration: A side reaction in crops having the C3 photosynthesis system
Photorespiration: A Well Known Limit to Yield in C3 plants
6
• Many key food crops rely on C3 photosynthesis
• Rice, wheat, soybean, canola, potato, etc
• Calvin cycle of photosynthesis, key enzyme RuBisCo fixes
carbon dioxide producing sugar for plant growth
• C3 crops have considerable yield loss due to photorespiration,
a competing wasteful cycle where RuBisCo fixes oxygen
instead of carbon dioxide
• produces a toxic compound that must be removed
• leads to significant fixed carbon and energy loss
• Models suggest that photosynthesis could improve by 12-55%
in the absence of photorespiration.
• A 5% reduction of photorespiration in soybean and wheat
would increase yields estimated to add ~$500 million/year of
economic value in the US
(Walker et al., 2016, Ann. Rev. Plant Biol. 67:17.1 – 17.23)
loss of fixed
carbon
toxic molecule recycled
through photorespiration
0.5
1
C3 photosynthesis reactions
sugar
Photorespiration Calvin Cycle
Today
Selected Findings from 2016 Camelina Fast Field Test of C3003 Trait
Highlights of Camelina Field Test – C3003
7
C3003 Study Findings
Avg Seed Yield
(lbs/hectare)
Line NJ01 23%* yield increase vs. control
Line NJ02 5% yield increase vs. control
Avg Maturity Avg 6 days* earlier
Avg Seed Weight
(mass of 100 seeds)
Line NJ01 17%* decrease vs. control
Line NJ02 19%* decrease vs. control
Seed Oil Content
(% of seed weight)
No significant change
Line NJ01 34.8 +/- 0.6%
Line NJ02 35.5 +/- 1.5%
WT Line 34.1 +/- 0.9 %
Data is average of 5 plots * Statistically significant, P<0.05
Molecular analysis of representative plant samples from the trial are ongoing
Key positive outcomes:
• C3003 expressed in Camelina produced up to 23% increase in
average seed yield in the best line, supporting rationale for
accelerating development in canola, soybean and rice
• Plants matured on average 6 days earlier than controls, an
agronomic benefit
• Expression of C3003 trait did not affect seed oil content
Other observations:
• Seed size was decreased, we believe due to tissue-wide
expression of C3003. Molecular analysis of greenhouse grown
plant samples shows C3003 alters the function of plant genes
(e.g. C3004) involved in carbon distribution networks
• Yield field trials are challenging and there is a lot of variability
to manage
Today
Path Forward for C3003
8
Yield10 leverages microbial diversity to eliminate bottlenecks in
plant carbon metabolism using its “Smart Carbon Grid for Crops”
“Smart Carbon Grid for Crops”
Translation
Value Demonstration
Discovery
Using the Camelina Fast Field Testing platform to accelerate
timelines for validation and optimization of breakthrough yield traits
Field trials in major food and feed crops
including canola, soybean and corn
Optimization of the expression level and location of expression of the gene(s)
Economic
Value
C3003
Today
Indicative Proof Point Timelines for C3003
C3003 Trait Development Timeline
9
Commercial value increases and risk decreases as we progress through
field validation, with numerous options for value capture along the way
Crop/Trait
Year
2017 2018 2019 2020
Camelina/Gen 1 C3003 Field test data (Q1)
Camelina/Gen 2 C3003 Greenhouse data (Q1)
Field test data (Q4)*
Camelina/Gen 3 C3003 Field test data (Q4)
Canola/Gen 1 C3003 Greenhouse data (Q1/Q2)
Field test data (Q4)*
Field trial data (Q4) Field trial
Canola/Gen 2 C3003 Field trial
Canola/Gen 3 C3003
Soybean/Gen 1 C3003 Greenhouse data
(Q4 2017/Q1 2018)
Field test Field trial
Soybean /Gen 2 C3003 Greenhouse data
(Q4 2017/Q1 2018)
Field test Field Trial
Rice / Gen 1 C3003 Greenhouse data (TBD)
Translation
Value
Demonstration
* Progress depends on results achieved in greenhouse studies
Today
Yield10 is working to progress its yield enhancement technologies and build collaborations
Upcoming Milestones
10
• Report on progress on C3003 with additional constructs and crops
• Q1 Report greenhouse data from 2nd generation C3003 trait in Camelina
• Q1-Q2 Report greenhouse data from 1st generation C3003 trait in canola
• Q4, 2017 - Q1, 2018 Report greenhouse data from 1st and/or 2nd generation C3003 traits in soybean
• Report greenhouse data from 1st generation C3003 trait in rice (TBD)
• Continue to deploy additional technology innovations in Camelina, canola, soybean and corn lines
• Progress C4000 series traits from the T3 discovery Platform into corn and rice
• Report greenhouse data for C4003 in rice (TBD)
• Progress the CRISPR/Cas9 genome editing program focused on Yield10’s proprietary targets
• Continue to leverage academic collaborations to access breakthrough crop science
• Publication of technical papers on key technologies
• Secure Ag industry collaborations and additional grants
• Continue to build intellectual property portfolio