Clayxt Inc. (NASDAQ: CLXT) stock surged by 4.44% at last close while the CLXT stock price gains by 7.29% in the pre-market trading session. Calyxt is a synthetic biotechnology firm that is based on plants. To support its customers accomplish their sustainability objectives, the company uses its patented PlantSpring technology platform to design novel materials and solutions.
CLXT stock’ Upcoming Financial Results
On Thursday, November 4, 2021, Calyxt, Inc. will have a conference call to share its third-quarter results, which concluded on September 30, 2021. The conference call will be hosted by Chief Executive Officer Michael A. Carr and Chief Financial Officer Bill Koschak, with a question-and-answer session following.
Recent Past Development
Calyxt has confirmed the appointment of Seth Dobrin to the Scientific Advisory Board of the company (SAB). Dr. Dobrin is IBM’s Global Chief Artificial Intelligence (AI) Officer, and he has substantial leadership expertise as well as a past record of transforming businesses using data and AI.
Michael A. Carr, President & CEO of Calyxt commented that,
He’d like to extend a cordial greeting to Seth as a member of their Scientific Advisory Board. Seth is a leader with extensive expertise in bringing AI-based business solutions to huge multinational organizations. They also continue to improve and expand their PlantSpringTM platform and BioFactoryTM production system’s AI and machine learning (AIML) capabilities. Its goal is to develop plant-based synthetic biology technologies for key clients and end markets.
He further added that Calyxt expects to be able to bring a customer’s molecule need through their design, manufacturing, verification, and pilot-level production cycle in 36 months, supported by machine learning and artificial intelligence, with commercial-scale production. Seth’s expertise will be invaluable as they develop and strengthen their approach for building the AIML data efforts, as well as upgrade their team’s skillsets and capabilities to increase the effectiveness and scalability of their offerings. Finally, they want to assist their clients in producing more sustainable products and meeting corporate sustainability goals.
