Plant Health Care PLC Brazil approves TEIKKO(TM) (2675Y)
2024年1月2日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMPHC
RNS Number : 2675Y
Plant Health Care PLC
02 January 2024
2 January 2024
Plant Health Care plc
("Plant Health Care" or the "Company")
Brazil approves TEIKKO(TM) (PHC68949) to Control Nematodes in
Soybeans
Plant Health Care(R) (AIM.PHC.L), a leading provider of peptides
used by growers to improve crop production and quality within
global agriculture markets, is pleased to announce that its
nematicide, TEIKKO, has received federal approval in Brazil in time
for commercial launch for the 2024/25 soybean growing season.
Highlights
- TEIKKO is an entirely novel peptide product which offers
farmers good control of nematode pests, without resorting to
conventional agrochemicals;
- Brazilian farmers spent more than $200m on nematode control in the most recent season; and
- The Company is in discussion with potential distributors for launch of TEIKKO during 2024.
TEIKKO is a novel product, from the Company's PREtec peptide
platform, that amplifies a plant's natural defense pathways to
provide protection against plant parasitic nematodes which damage
plant roots and limit crop yield. TEIKKO is now approved as a seed
treatment for the control of root-lesion nematode (Pratylenchus
brachyurus) in soybean. Research carried out during the 2021/22 and
2022/23 soybean crop seasons showed that TEIKKO gave similar or
superior performance to standard agrochemical treatments. TEIKKO
offers farmers the opportunity to avoid use of toxic agrochemicals,
without sacrificing performance. Compared with alternative
biological products, it brings benefits such as three-year
shelf-life and no special requirements for storing, allowing
flexibility on distribution to the farmers, low rates for easy
industrial seed treatment, no interference or incompatibility with
other traditional seed treatments, such as fungicides and
insecticides, and reliable performance under different
environmental conditions, such as drought or humidity. For the
2023/24 season, the soybean harvested area in Brazil is forecast to
be 45 million hectares.
According to the latest research published by Kynetec, Brazilian
growers spent $215 million on soybean nematode control for the
2022/23 season, which reflects an annualized growth rate of 55%
over the last six years. Additional crops and nematode species will
be added to the TEIKKO product label in the future, further
expanding its potential use.
Plant Health Care is progressing discussions with several
distribution partners who will launch TEIKKO in 2024, for use for
the 2024/25 soybean growing season.
TEIKKO is based on the Company's innovative PREtec technology
platform. Derived from natural proteins, PREtec is an
environmentally friendly technology which stimulates plant defense
and pathogen resistance mechanisms within plants, resulting in
improved crop growth and quality along with the ability to
withstand a variety of abiotic stresses.
Jeff Tweedy, CEO of Plant Health Care, said: "TEIKKO will help
Brazilian farmers sustainably produce their soybean crops and
supports the Company's vision to be a leading global provider of
alternatives to conventional agrochemicals. Unlike TEIKKO, current
soil fumigants and other chemical nematicides are known to have
damaging off-target effects. TEIKKO is an environmentally friendly
biological alternative that performs as well as or better than
those older technologies and we expect to see rapid adoption
amongst Brazilian farmers. We are excited about the developing
plans to launch TEIKKO in 2024, with strong growth thereafter."
# # #
For further information, please contact:
Plant Health Care plc
Jeff Tweedy, CEO Tel: +1 919 926 1600
Cavendish Capital Markets Limited Tel: +44 (0) 131 220 9771
- Nomad & Broker
Neil McDonald / Pete Lynch
About Plant Health Care
Plant Health Care offers products to improve the health, vigour
and yield of major field crops such as corn, soybeans, potatoes,
and rice, as well as specialty crops such as fruits and vegetables.
We operate globally through subsidiaries, distributors and supply
agreements with major industry partners. Our innovative,
patent-protected biological products help growers to protect their
crops from stress and diseases, and to produce higher quality fruit
and vegetables, with a favourable environmental profile.
Find out more at www.planthealthcare.com
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