Origin Agritech Limited (SEED) announced Thursday morning that its Origin Biotechnology subsidiary reached an comprehensive, worldwide agreement with the Institute of Microbiology of the Chinese Academy of Sciences and Sichuan Biotech Engineering Limited, regarding the glyphosate-tolerance gene.
Origin Agritech gapped open higher Thursday, but has since traded in a narrow range. The stock has climbed in the last few minutes and is now up 0.99 at $5.78 on above average volume. Shares are now challenging resistance, trading at over a 3-month high.
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