Eden Research product receives sign-off from Spanish authorities
The country boasts both the largest area of organic farmland in EU and is the largest producer of fruit and vegetables in the bloc
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 country boasts both the largest area of organic farmland in EU and is the largest producer of fruit and vegetables in the bloc
The product has been approved for use on wine and table grapes
The company's product is used to control destructive root-knot nematodes in fruit and vegetables
Dr Aoife Dillon joins Eden from another AIM-listed group, Plant Health Care
The new facility will allow Eden to do more in-house work as well as focusing on bioinsecticide products
When it raised funds in March, Eden Research said some of the money would be used to pursue the registration and commercialisation of its first insecticide products.
The UK group said there will be increased investment in the project, in part financed by Eden's successful March fundraise
Cedroz has got full approval in the Netherlands and approval for emergency use in Italy
The biopesticide firm said it expects US regulators to approve its Cedroz and Mevalone products this year, although the pace of approvals has been slowed by the coronavirus pandemic
Carroll is a leading figure in the field of crop protection products development and registration and brings international experience to its team
Eden said the certification creates “a significant opportunity” to enter the growing market for organic wine
Eden also said it is proposing to raise an additional £500,000 by way of an open offer to qualifying shareholders of up to 8.3mln new shares at a price of 6p each
The firm's Sustaine encapsulation technology is free from plastics, is derived from a natural source, and is suitable for use with both sustainable biopesticides and conventional synthetic pesticides
The update also provided financial guidance for the year just gone
The American giant, valued at US$21bn, wants to assess the potential of the UK group’s encapsulation technology, focusing on formulations for seed treatments
Organic farming covered 12.6mln hectares of agricultural land in the EU Member States in 2017, equivalent to 7% of the total used agricultural area.
Portugal has already given product approval and sales will commence there next year
Eden Research's first product Mevalone is a grape fungicide used to target the botrytis disease
Cedroz is designed to fight nematodes, a pest causes severe damage both in the field and greenhouse.
The Japanese group will distribute Mevalone in Germany, Poland, Hungary, Czech Republic and Slovakia