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Eden Research moves office, opens new laboratory facility in Oxfordshire science cluster

The new facility will allow Eden to do more in-house work as well as focusing on bioinsecticide products

Eden Research PLC - Eden Research moves office, opens new laboratory facility in Oxfordshire science cluster

Eden Research PLC (LON:EDEN) announced that it has moved office and opened up a new laboratory facility at Milton Park, a science cluster in Oxfordshire.

The producer of sustainable biopesticides said the new facility will allow it to do more in-house, including formulation, microbiological screening, plant and seed evaluations and analytical work. It also features high-tech plant growth chambers, to undertake relatively rapid, small scale tests on different plant species.

WATCH: Eden Research CEO hails new office and lab space for in-house research and development

Eden said it plans to use the laboratory for insect-focused work to develop its first bioinsecticide products, so it can enter new addressable markets worth €850mln in the EU and US combined.

Milton Park is home to more than 250 companies and over 9,000 workers and is one of the largest science clusters in the country, the AIM-listed firm said, and the innovative business community is “a perfect fit” to relocate as part of its strategic ambition to capitalise on new product and market opportunities. 

“The opening of our new laboratory facilities is an important milestone for Eden,” chief executive Sean Smith said in a statement.

“The fact that we now have the ability to conduct in-house research and development improves the efficiency of our operations, helping us to expand the footprint of our business through product development.”

"Milton Park is well regarded for being home to some of the UK's top science and technology firms. We are excited to be joining the community and look forward to continuing our work in sustainable agriculture from our new Oxfordshire base," he added.  

Shares rose 1% to 8.39p early on Wednesday.

--Adds shares--

Quick facts: Eden Research PLC

Price: 6.85 GBX

AIM:EDEN
Market: AIM
Market Cap: £26.05 m
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Eden Research CEO hails new office and lab space for in-house research and...

Eden Research PLC's (LON:EDEN) Sean Smith speaks to Proactive London following the announcement they've moved office and opened up a new laboratory facility at Milton Park, a science cluster in Oxfordshire. Smith says the new facility will allow them to do more in-house, including formulation,...

on 1/7/20

2 min read