Jun 24, 2008DuPont and Syngenta Enter Into Crop Protection Technology Exchange
Syngenta and DuPont have announced an agreement that will broaden each company’s crop protection product portfolio and enable them to bring new products to market more efficiently.
The companies will share the costs to prepare the regulatory studies for DuPont Cyazypyr, a new broad-spectrum insecticide for the control of lepidoptera and sucking pests, leading to expanded global registrations and commercialization opportunities for both companies. Cyazypyr is complementary to the DuPont Rynaxypyr insect control product that Syngenta is developing in mixtures with its own leading insect control products.
Under the agreement, Syngenta will grant DuPont access to mesotrione, the active ingredient in Callisto. DuPont will develop mixtures with its proprietary herbicides for use on corn and sugarcane.
This agreement gives Syngenta access to new chemistry to develop broad-spectrum solutions in the global insecticide market, estimated at around $8 billion,” said John Atkin, chief operating officer at Syngenta Crop Protection. “These products, which are highly complementary to our portfolio and pipeline, will provide additional options for growers to better control pests and increase yields. The mesotrione agreement further expands the opportunity for this market leading technology.”
“This is another external acknowledgement of the quality of the DuPont pipeline of crop protection products, as well as an innovative step in the DuPont strategy to bring new pipeline products to our customers faster and with broader labels than ever before,” said James C. Collins, vice president and general manager of DuPont Crop Protection. “This agreement expands our offerings and enables DuPont to make additional investments in our future pipeline to deliver answers that will help our customers improve their productivity and profitability both today and in the future.”
Financial terms of the agreement were not disclosed. ”
