Wilmington, DE and Rehovot, Israel (March 25, 2020) — Corteva Agriscience, a leading pure-play agriculture company, and AgPlenus, a subsidiary of Evogene Ltd., announced that they have entered into a multi-year collaboration for the development of novel herbicides.
The collaboration will combine Corteva’s strengths in crop protection product discovery and development with AgPlenus’ expertise in designing effective and sustainable crop protection products using predictive biology.
By leveraging their complementary expertise, Corteva and AgPlenus will address the rise of global weed resistance, created in-part by the absence of new modes of action (MoAs) for weed control over the past 30 years. Successful products resulting from the collaboration will enter a multi-billion-dollar market.
“Weed resistance presents a serious challenge for today’s farmers,” says Neal Gutterson, Senior Vice President and Chief Technology Officer, Corteva Agriscience. “So much has changed since the last MOAs were identified in the early 1990s. It’s time to find new solutions; our collaboration with AgPlenus positions us well to do that.”
Under the terms of the agreement, Corteva will apply its extensive crop protection research and development expertise, and AgPlenus will apply a robust computational platform to optimize several of AgPlenus’ chemical families. Such chemical families have already been validated for herbicidal activity and are connected to new MoAs. Corteva holds an exclusive license from AgPlenus to commercialize herbicides based on these chemical families. Additional financial terms of the collaboration were not disclosed.
“We are very excited with this new collaboration with Corteva Agriscience, a pioneer in the development of novel herbicides," states Eran Kosover, AgPlenus’ CEO. "This collaboration will focus on optimizing our leading chemical families putting us in an excellent position to pursue our target of developing novel herbicides. I am confident that AgPlenus’ unique approach in the development of herbicides, alongside Corteva Agriscience’s extensive scientific and market know-how, will lead to new and sustainable innovation in the herbicides market.”
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry – including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the Company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com. Follow Corteva Agriscience on Facebook, Instagram, LinkedIn, Twitter and YouTube.
AgPlenus is designing effective and sustainable crop protection products by leveraging predictive biology. The Company aims to develop crop protection products: herbicides, insecticides, fungicides and crop enhancers. AgPlenus is a fully owned subsidiary of Evogene Ltd. (NASDAQ, TASE: EVGN). For more information, please visit www.agplenus.com
Evogene (NASDAQ:EVGN, TASE: EVGN.TA) is a leading company in leveraging computational biology to design novel products for life-science-based industries. Leveraging Big Data and Artificial Intelligence while incorporating a deep understanding of biology, Evogene established its unique technology, the CPB platform, to computationally design microbes, small molecules and genes as the core components for life-science products. Evogene holds a number of subsidiaries utilizing the CPB platform, for the development of human microbiome-based therapeutics, medical cannabis, ag-chemicals and ag-biologicals. For more information, please visit evogene.com.