Eden Research hails 'good progress' with Corteva as it updates on trading
The company is the developer of sustainable biopesticides and plastic-free formulation technology for use in crop protection
Company
LON:EDEN
Eden Research PLC is the UK’s only AIM listed company focused on biopesticides for sustainable agriculture. The company develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries. Its vision is to be a global leader in sustainable crop protection through the development of bioactive products enabled or enhanced by our novel encapsulation and delivery technologies.
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The company is the developer of sustainable biopesticides and plastic-free formulation technology for use in crop protection
The company’s biofungicide, Mevalone, has been signed off by regulatory agency ANSES for use in apples and pears
"The US has one of the largest organic food markets in the world, and its ongoing growth presents a significant opportunity for biopesticide market participants," says boss Sean Smith
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“We now possess internal skills and capabilities that we could only dream of just one year ago, and our operating environment continues to evolve rapidly in Eden's favour. I believe that we are well-positioned to seize the market opportunit
The product can now be used on more types of fruit and vegetables
Mevalone will be marketed as Araw in Egypt, Morocco, Algeria and Tunisia
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A look at some of today's major headlines from the Proactive newswire
The company is a specialist in sustainable biopesticides and plastic-free formulation technology
This year, the group will build on the sales achieved in the territories where it received approvals in 2020
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The American group has landed the exclusive commercialisation, supply and distribution rights covering the EU, UK and Serbia
Italy is the EU's second-largest producer of fruit and vegetables, growing 10mln tonnes of fruit and around 7mln tonnes of vegetables annually
Chief executive Sean Smith said: "This expansion of the label for ARAW in Spain represents a meaningful increase in Eden's addressable market."
Chief executive Sean Smith said: “It has been an unprecedented year for businesses across the globe, and Eden has not been immune to the disruption caused by the COVID-19 pandemic."
Adherence to good environmental, social and governance (ESG) principles has become a fundamental part of investment
A family-owned farm in Yorkshire has done some initial trials on investigating the effect of mugwort plant extract on key plant diseases and now Eden Research is getting involved
The board remains confident in the market opportunity for biopesticides, which is growing at CAGR of about 15% p.a. and is projected to be worth more than US$10 billion by 2025.
The group also said the French regulator has also approved Eden's biofungicide, Mevalone, for use in organic agriculture in France
The patent is for 'Encapsulation of High Potency Actives' allowing for the combination of Sustaine with a wide range of active ingredients from third parties.