Mitsui Chemicals Agro, Inc. (MCAG) and BASF Sign Commercialization Agreement for New Insecticide with IRAC Novel Mode of Action
TOKYO & LIMBURGERHOF, Germany–(BUSINESS WIRE)–Mitsui Chemicals Agro, Inc. (MCAG) and BASF SE announced today the
signing of a long-term agreement for the commercialization of
Broflanilide, a new insecticide for chewing crop pests and non-crop
pests control. This commercialization agreement follows the exclusive
global license and development agreement between the two companies that
was announced on June 11, 2014.
Under the terms of this agreement, MCAG granted BASF exclusive rights to
market and sell Broflanilide products in certain markets worldwide,
excluding Japan and certain Asian and other countries where MCAG holds
exclusive and/or co-exclusive rights.
Broflanilide is a compound with a novel mode of action, demonstrating
excellent efficacy in the control of many problematic chewing insect
pests, including caterpillars and beetles in specialty and row crops,
and non-crop pests such as termites, ants, cockroaches and flies. It has
potential use applications in cereals as a seed treatment for control of
wireworms, as well as for foliar use in leafy and fruiting vegetables,
potato, soybean, cotton, corn and legumes. The active ingredient was
discovered by MCAG and the co-development of the insecticide with BASF
began in 2014.
The Insecticide Resistance Action Committee (IRAC) recently approved the
classification of Broflanilide as a compound with a new mode of action
in Group 30: GABA-gated Cl- channel allosteric modulators. As
of today, Broflanilide is the only active ingredient in IRAC Group 30.
Given its different chemistry, Broflanilide is a highly effective
broad-use compound and a valuable new tool in Insecticide Resistance
Management (IRM).
“We’re excited to continue leveraging the expertise and capabilities of
each company to offer promising innovative solutions to growers and pest
management professionals seeking alternatives to existing pest-targeting
chemistries,” said Jürgen Huff, Senior Vice President Global Strategic
Marketing, BASF Crop Protection.
“We are also confident that Broflanilide products, with their excellent
performance and novel mode of action, can contribute to those in both
agriculture and professional pest management seeking effective
solutions,” said Shoichi Kondo, Head of MCAG's International Business
Division. “This collaboration will contribute to our future growth.”
First market introductions of Broflanilide products are expected in
2020. The financial terms of this agreement were not disclosed.
About
Mitsui Chemicals Group
Mitsui Chemicals (TOKYO: 4183) (ISIN: JP3888300005), which traces its
roots back to 1912, has an annual sale of 1,200 billion yen in the
fiscal year ending March 2017 and more than 130 companies with over
13,000 employees in 28 countries. As one of Japan’s leading chemical
companies, Mitsui Chemicals contributes broadly to society by providing
high-quality products and services to customers through innovations and
creation of materials and products while keeping in harmony with the
global environment. Its business portfolio includes materials for
next-generation mobility, healthcare services, packaging, agrochemicals,
electronic materials, and environment and energy sector. Mitsui
Chemicals will continue to contribute to solving social challenges with
its state-of-the-art technology and by "Creating New Customer Value
through Innovation". Mitsui Chemicals’ global agrochemical business is
operated by its 100% subsidiary, Mitsui Chemicals Agro, Inc., who
supplies innovative agrochemicals for crop protection and pest
management. With a customer-centric point of view, The Company offers
unique and effective products and services, and contributes to the
sustainable, productive agriculture. Latest group news can be found at https://www.mitsuichem.com/en/.
About BASF’s Crop Protection division
With a rapidly growing population, the world is increasingly dependent
on our ability to develop and maintain sustainable agriculture and
healthy environments. BASF’s Crop Protection division works with
farmers, agricultural professionals, pest management experts and others
to help make this possible. With their cooperation, BASF is able to
sustain an active R&D pipeline, an innovative portfolio of products and
services, and teams of experts in the lab and in the field to support
customers in making their businesses succeed. In 2016, BASF’s Crop
Protection division generated sales of €5.6 billion. For more
information, please visit us at www.agriculture.basf.com
or on any of our social media channels.
Contacts
BASF Media Contact:
BASF SE
Sharon Hall, +49 621
60-28013
[email protected]
or
Mitsui
Media Contact:
Mitsui Chemicals Agro, Inc.
Hiroshi
Yokoyama, +81 3 5290 2719
[email protected]
