Merger to Spur Global Insect Control Solutions

Intrexon Corporation, a leader in synthetic biology has announced an agreement to acquire Oxitec Ltd, innovators in biological insect control solutions. Oxitec’s safe, innovative, self-limiting approach to control mosquitoes that spread disease and to limit pest-related crop damage is well aligned with Intrexon’s growth and investment strategies.

Intrexon’s Chairman and Chief Executive Officer Randal J. Kirk commented, “Oxitec’s technology demonstrates that engineered biology can solve some of mankind’s most difficult problems – many that have eluded solutions for a very long time – while exercising tremendous respect for the environment. In particular, to be able to induce a population decline in a major disease vector and know your intervention does not propagate in the environment is an historic achievement. Oxitec and Intrexon share a vision for, and an overriding commitment to, a safer, healthier, and more sustainable planet, and because our technology platforms are so complementary, we believe this combination will allow us to address a wider range of threats to global health and food security in new, responsible and exciting ways. I am proud to welcome Oxitec and its accomplished people to the Intrexon team.”

“We are excited to be joining forces with Intrexon and see this partnership as key to developing sustainable solutions to some of the world’s most intractable health and agriculture problems and making them available on a global basis,” stated Hadyn Parry, Chief Executive Officer of Oxitec. “We look forward to making a difference in people’s lives that much sooner as part of Intrexon.”