Mitsui Chemicals Agro and BASF sign agreement for new insecticide

13-Jun-2014 - Germany

Mitsui Chemicals Agro, Inc. (MCAG) and BASF announced the signing of an exclusive global development and license agreement for a new insecticide (MCAG’s development code “MCI-8007”).

Under the terms of the agreement, MCAG has granted BASF a worldwide, exclusive license to commercialize the new insecticide, except in Japan and some other countries where MCAG 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.

New hope for bees: Insecticides with lower toxicity

New insecticidal compounds remain effective against target species while reducing bee toxicity

Read news

Intended use applications for the new insecticide include leafy vegetables, fruiting vegetables, soybeans and other legumes, cotton,corn and rice as well as urban pest control settings. It will control many problematic insects, including caterpillars and beetles in specialty and row crops as well as termites, ants, cockroaches and flies in the professional pest management market.

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.

Media Contacts:
BASF    Mitsui Chemicals Agro, Inc
Brady Spangenberg    Shinji Ueno
(Germany)    (Japan)
Tel.: +49 621 60 28761    Tel. +81 3 3573 9562
brady-joseph.spangenberg@basf.com    shinji.ueno@mitsui-chem.co.jp

Brady Spangenberg
Trade media

Phone: +49 621 60-28761
E-Mail
up
Press Photos
Mitsui Chemicals Agro, Inc. (MCAG) and BASF sign agreement for new insecticide (Pic_PressRelease_Mitsui_Tomato_EN.jpg)

https://www.chemeurope.com/en/news/148656/mitsui-chemicals-agro-and-basf-sign-agreement-for-new-insecticide.html