Wilmington, Delaware and Basel,
Switzerland
June 24, 2008
Syngenta and
DuPont today announced an
agreement that will broaden each company’s crop protection
product portfolios 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 also grant DuPont access to
mesotrione, the active ingredient in Callisto®.
DuPont will develop mixtures with their proprietary herbicides
for use on corn and sugarcane.
John Atkin, Chief Operating Officer
Syngenta Crop
Protection said: “This agreement gives Syngenta access to
new chemistry to develop broad spectrum solutions in the global
insecticide market, estimated at around $8 billion. 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.
DuPont is a science-based products and services company. Founded
in 1802, DuPont puts science to work by creating sustainable
solutions essential to a better, safer, healthier life for
people everywhere. Operating in more than 70 countries, DuPont
offers a wide range of innovative products and services for
markets including agriculture and food; building and
construction; communications; and transportation.
Syngenta is a world-leading agribusiness committed to
sustainable agriculture through innovative research and
technology. The company is a leader in crop protection, and
ranks third in the high-value commercial seeds market. Sales in
2007 were approximately $9.2 billion. Syngenta employs over
21,000 people in more than 90 countries. Syngenta is listed on
the Swiss stock exchange (SYNN) and in New York (SYT).
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