Latest buzz: Genetically modified mosquito startup raises $6.8 million in venture capital

April 26, 2021

Oxitec— a U.S.-owned startup with headquarters and R&D facilities in the U.K., just a few miles from Oxford University—has raised US$6.8 million in venture capital from the Wellcome Trust, one of the world’s largest chqritable foundations, Axios reports.

The company is generating buzz worldwide for its insect-based biological solutions for controlling pests that transmit disease, destroy crops, and harm livestock.

In its latest headline-making news, Oxitec will start releasing a total of 12,000 genetically modified,  non-biting male mosquitos from boxes into the Florida Keys Mosquito Control District to mate with the local biting female mosquitoes over  a period of 12 weeks.

The female offspring of these encounters cannot survive, the company says—making it possible to control the local population of Aedes aegypti mosquitoes. The Aedes aegypti mosquito makes up about 4 percent of the mosquito population in the Florida Keys—but is responsible for virtually all mosquito-borne diseases transmitted to humans. This species of mosquito transmits dengue, Zika, yellow fever, and other human diseases; and can transmit heartworm and other potentially deadly diseases to pets and animals.

According to Axios, Oxitec is one of the world’s most controversial startup—even though everyone applauds its mission of reducing instances of mosquito-borne diseases.

Oxitec already has released more than a billion bugs, including in Brazil and the Cayman Islands—and, last year, the EPA and state officials approved field tests in the Florida Keys.

In the the Brazilian city of Indaiatuba, Oxitec’s genetically modified mosquito suppressed disease-carrying Aedes aegypti by up to 95%* in urban, dengue-prone environments following just 13 weeks of treatment, as compared to untreated control sites in the same city.

It’s a novel solution to human disease spread—particularly where native mosquitoes are increasingly resistant to insecticides—but many locals are concerned about how this will impact the broader ecosystem.

Research contact: @axios

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