Mitsui, BASF collaborate new insecticide

Mitsui, BASF collaborate for new insecticide

7:28 AM, 12th June 2014
Mitsui, BASF collaborate for new insecticide

TOKYO, JAPAN/LIMBURGERHOF, GERMANY: Mitsui Chemicals Agro, Inc and BASF will sign an exclusive global development and license agreement for a new insecticide. Under the terms of the agreement, Mitsui has granted BASF a worldwide, exclusive license to commercialize the new insecticide, except in Japan and some other countries where Mitsui will hold the exclusive and/or co-exclusive rights.

Featuring a new mode of action, the active ingredient will provide growers and pest management professionals with a unique and attractive solution. It will also be an important rotation partner in managing insect resistance.

Both companies intend to develop unique formulations for specific markets and applications. Significant research over the next three years will continue, with the first registration submission in 2016 for Japan, with other markets following in 2017. The agreement remains subject to relevant governmental approvals. Additional details of the agreement were not disclosed.

“BASF is committed to delivering innovative insect control solutions to growers and pest management professionals. This new, highly-effective active ingredient enhances BASF’s insecticide pipeline, providing complementary chemistry to our current and future solutions,” said Markus Heldt, President, Crop Protection division, BASF.

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