Syngenta, DuPont Sign Agreement for Access to Broad Insect Control Technology in Corn
February 19 2008 - 12:00AM
PR Newswire (US)
BASEL, Switzerland and WILMINGTON, Del., Feb. 19
/PRNewswire-FirstCall/ -- Syngenta and DuPont today announced a
global agreement that will provide DuPont business, Pioneer
Hi-Bred, access to Syngenta's novel insect control corn event,
MIR162. Under the royalty-bearing agreement, Syngenta will grant
Pioneer a non-exclusive, global license with stacking rights to
MIR162. Other terms of the agreement were not disclosed. "We are
pleased with this important commitment which further demonstrates
the quality of Syngenta's biotech trait pipeline," said Davor Pisk,
Chief Operating Officer Syngenta Seeds. "This agreement will
accelerate the rapid adoption of Syngenta proprietary technology to
better protect growers' corn crops worldwide." "With access to this
trait, we have a great new tool to build on our insect control
product offerings," said Paul E. Schickler, DuPont Vice President
and General Manager and President of Pioneer. "The addition of
MIR162 to our already strong insect control trait portfolio will
provide growers with a superior product choice in controlling the
broadest range of insect pests." MIR162 is currently in the
regulatory review process in the United States and the major corn
export markets. It is expected to receive US regulatory approval by
the end of the year. MIR162 will protect corn above the ground by
delivering high-level control of a broad spectrum of lepidopteran
insects including fall army worm, corn ear worm, western bean and
black cut worm and sugar cane borer, which are key pests in the
United States, Brazil and Argentina. The gene contained in MIR162
has a distinct mode of action that is structurally and functionally
different from the genes contained in insect control technologies
currently in the marketplace. 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
(NYSE:SYT). Further information is available at
http://www.syngenta.com/. Pioneer Hi-Bred, a DuPont business, is
the world's leading source of customized solutions for farmers,
livestock producers and grain and oilseed processors. With
headquarters in Des Moines, Iowa, Pioneer provides access to
advanced plant genetics in nearly 70 countries. 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. For additional information about our company or our
products, check our worldwide website: http://www.dupont.com/ and
http://www.pioneer.com/. Contacts: Pioneer Media Enquiries: Patrick
Arthur +1 515 334 6515 Syngenta Media Enquiries: Medard
Schoenmaeckers (Switzerland) +41 61 323 2323 Sarah Hull (US) +1 202
628 2372 Analysts/Investors: Jonathan Seabrook +41 61 323 7502 +1
202 737 6520 Jennifer Gough +41 61 323 5059 +1 202 737 6521
Cautionary Statement Regarding Forward-Looking Statements -
Syngenta This document contains forward-looking statements, which
can be identified by terminology such as 'expect', 'would', 'will',
'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on
track' and similar expressions. Such statements may be subject to
risks and uncertainties that could cause the actual results to
differ materially from these statements. We refer you to Syngenta's
publicly available filings with the U.S. Securities and Exchange
Commission for information about these and other risks and
uncertainties. Syngenta assumes no obligation to update
forward-looking statements to reflect actual results, changed
assumptions or other factors. This document does not constitute, or
form part of, any offer or invitation to sell or issue, or any
solicitation of any offer, to purchase or subscribe for any
ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form
the basis of, or be relied on in connection with, any contract
therefor. DATASOURCE: Syngenta and DuPont CONTACT: Patrick Arthur
of Pioneer, +1-515-334-6515, ; or Media, Medard Schoenmaeckers
(Switzerland), +41 61 323 2323, , or Sarah Hull (US),
+1-202-628-2372, or Investors, Jonathan Seabrook, +41 61 323 7502,
+1-202-737-6520, or Jennifer Gough, +41 61 323 5059,
+1-202-737-6521, all for Syngenta Web site:
http://www.syngenta.com/ http://www.dupont.com/
http://www.pioneer.com/
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