Wilmington, Delaware, USA and St. Malo, France
September 18, 2021
Corteva, Inc. (NYSE: CTVA) and Gaïago, a biotechnology company, announced today a multi-year agreement to validate, develop and commercialize biofungicides for farmers worldwide.
Through the agreement, Corteva Agriscience receives an exclusive, global testing license and associated optional commercial rights for a novel biofungicide technology that can help protect grapevines, potatoes, vegetables, and stone and pome fruits against pathogens such as downy mildew, late blight, powdery mildew and botrytis.
“This agreement furthers our commitment to offering farmers biologicals for crop protection, including tested biofungicide solutions that meet Corteva Agriscience’s high standards in Research & Development,” said Rajan Gajaria, Executive Vice President, Business Platforms, Corteva Agriscience. “Our agreement with Gaïago is another step in demonstrating our efforts in building our biological portfolio by collaborating with the leading experts in their fields.”
“Achieving sustainability in agricultural production as well as a resilient food system requires strong collaborations at all levels,” said Jean-Pierre Princen, President of Gaïago. “This agreement with Corteva will speed up the global introduction of one of our natural biocontrol technologies. This novel biofungicide should be key, both to implement integrated pest management strategies and to meet consumers' expectations, whilst helping to preserve high crop yields and increasing farmers’ income. This global collaboration with Corteva, together with the launch of our joint research programs with scientific institutions in Europe, will boost Gaïago’s large-scale Agrosystems regeneration plans, hence restoring soil and plant functions.”
Corteva’s model for developing its best-in-class Biologicals portfolio combines external innovation, R&D collaboration, licensing, and distribution. This agreement demonstrates how Corteva is targeting collaborations that bring a broad range of external technologies, including well-established companies in the Biologicals space to expand access of a complete set of sustainable solutions in line with the Corteva Agriscience 2030 Sustainability Goals.
Terms of the agreement were not disclosed.
About Corteva
Corteva, Inc. (NYSE: CTVA) 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.
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About Gaïago
Gaïago is a company providing solutions to deliver on its Vision ’Mankind thrives when soils thrive’. Introducing innovative technologies based on the selective activation of microbiology through proprietary formulations, the company strategy is focused on soil revitalization, seed, and plant health. This holistic approach is generating significant agronomic and economic benefits, further amplified with both Carbon sequestration in the soil and Fertilizer uses efficiency. More information at https://www.gaiago.eu/.
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