Zwijnaarde, Belgium
December 1, 2005
Devgen remains encouraged by
the results of field trials aimed at assessing the biological
performance of compounds for nematode control in a variety of
crops.
As the 2005 testing season
nears completion, positive trends in nematode control with
Devgen compounds have been observed in sugar beet, lettuce,
celery, carrots and other selected crops. This is evidenced for
instance by improved marketable yield of crops such as carrots,
enhanced sugar content in beets and overall better crop vigor on
crops treated with Devgen compounds compared to plants not
receiving nematicidal treatments. Devgen?s compounds performed
equally well and in some cases better than commercial standards.
Devgen expects these compounds to be competitive from an
environmental perspective.
Previously reported results in
September 2005, related to tomatoes and cucumbers, have been
confirmed with additional studies. Overall, the 2005 field
trials demonstrated success in all relevant European nematicide
markets.
Based on these observed trends,
Devgen will advance one or more of the most active candidates
into regulatory trials beginning in 2006.
Devgen (Euronext Brussels:
DEVG) is an innovator in biotechnology focused on discovering,
developing and commercializing:
-
a novel
generation of biotech products to protect a wide spectrum of
crops from damage incurred from pests;
-
safer and more
environmentally friendly agro-chemical products to protect
crops from damage inflicted by plant parasitic nematodes;
-
novel
therapeutic concepts and preclinical drug candidates for
treatment of metabolic disease (diabetes, obesity,
arrhythmia).
Each of these solutions is
developed on a platform of in-house designed research,
development programs and technologies. Devgen has partnerships
with industry leaders such as Monsanto, DuPont/Pioneer, FMC and
Sumitomo.
Incorporated in 1997, Devgen has offices in Ghent (Belgium) and
Singapore - with a total workforce of close to a 100 people. |