Phytelligence has lost its legal case with Washington State University, leaving the board with no option but to close its crop cultivation business.
Phytelligence, a US-based agritech developer formed on the back of Washington State University (WSU) research, is to wind up its operations after losing a legal dispute with the university, GeekWire reported on Friday.
In a message to shareholders cited by GeekWire, Glen Donald, chief executive of Phytelligence, said the business was effectively insolvent and unable to continue as a going concern.
Founded in 2012, Phytelligence focused on employing a micropropagation-based cultivation technique called Multiphy that involved using nutritious…