DAVIS, CALIFORNIA, U.S. — Arcadia Biosciences, Inc. has reached an agreement with Arista Cereal Technologies and Bay State Milling Co. for commercialization of its high-fiber resistant-starch wheat in several key markets.
Under terms of the agreement, Quincy, Massachusetts, U.S.-based Bay State Milling will become the exclusive commercial partner for Arcadia’s high-fiber wheat in North America under Bay State Milling’s HealthSense brand, while Sydney, Australia-based Arista receives exclusive rights under Arcadia’s intellectual property in Australia, New Zealand, Europe, Japan and South Korea. Meanwhile, Arcadia will continue to market its high-fiber wheat under its GoodWheat portfolio of specialty wheat ingredients in other international markets.
The agreement resolves an intellectual property dispute between the three companies over Arcadia’s high-fiber wheat dating back to last fall. Also, as part of the agreement, Arcadia said it will receive royalties for sales of its wheat varieties in North America by Bay State Milling, plus additional considerations.
“We are pleased to have entered into an agreement with Arista and Bay State Milling that will accelerate commercialization of our high-fiber wheat in key wheat markets — and capture revenue in 2019 and beyond,” said Raj Ketkar, president and chief executive officer of Arcadia Biosciences. “Bay State Milling is an excellent partner for North America, bringing its strengths in milling, identity-preserved supply chains and technical support of customer food companies.”
Peter Levangie, president and CEO of Bay State Milling, said the company sees “tremendous opportunity” for high-fiber wheat flour — particularly in the United States.
“As a result, our customers — food manufacturers — also are looking for ingredients with added nutritional value from natural sources,” he said. “We are excited to add Arcadia’s high-fiber wheat to the HealthSense brand and bring it to customers to help close the fiber gap and improve consumer health in North America.”
Eric Vaschalde, CEO of Arista Cereal Technologies, added, “We are pleased to have reached an agreement that resolves our ongoing patent dispute and puts our focus on successfully bringing high-fiber wheat to market across our wide platform. After decades of research and development, Arista focused its initial market development in North America with its partner, Bay State Milling. This agreement not only bolsters Bay State Milling’s commercial opportunities, but it also enhances the global intellectual property for all parties to the agreement.”