American Vanguard licenses biopesticide rights
Oct. 28, 2011
Glen Johnson, AMVAC’s senior VP and director of business & product development commented: “Securing these valuable licensing rights allows us to develop a broad range of products in different market segments and will continue to expand AMVAC’s biopesticide product line into the future. AMVAC’s green portfolio began with the acquisition of exclusive marketing rights in 1999 to develop and launch azadirachtin-based products with unique formulation technology-- Ornazin and Ecozin Plus and continued to build with the licensing of patented potato sprout inhibitor technology from Washington State University in 2005. Since obtaining this exclusive license from WSU, AMVAC now has successfully developed and globally tested the active ingredient, 3-decen-2-one (SmartBlock coded as AMV1018), and presently awaits both U.S. and Canadian registrations. We believe that SmartBlock which is also an FDA-approved direct food additive, will enjoy considerable commercial success world-wide, based on excellent product performance and unique market needs. Pursuing such new green technology avenues together with our proven success in marketing conventional crop protection chemicals, will further broaden our portfolio and help AMVAC meet an ever-increasing global demand for food, feed, fiber and biofuels.”
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