10:57 AM EDT, 09/17/2024 (MT Newswires) -- Corteva ( CTVA ) and Pairwise on Tuesday said they have teamed up to fast-track the delivery of advanced gene editing tools for farmers, aiming to enhance environmental sustainability and consumer benefits.

Corteva ( CTVA ) will make a $25 million equity investment in Pairwise through its Corteva Catalyst platform. The investment will help expand gene editing for use in a wide range of crops, while a new five-year joint venture will use this technology to boost crop yields and resilience to climate change, according to a joint statement.

Shares of Corteva ( CTVA ) were up 1.2% in recent Tuesday trading.

Price: 56.93, Change: +0.66, Percent Change: +1.18