Nihon Nohyaku and Boost Biomes establish joint development agreement to address critical needs for bio-insecticides

Nihon Nohyaku Co., Ltd. (known as "NICHINO") and Boost Biomes Inc ("Boost") announce a joint development agreement to develop novel bio-insecticides. NICHINO is a global chemicals company, focused on agriculture. Boost is a biotechnology startup company developing microbiome products for agriculture. This program will address the devastating challenges of insect pests.

Chemical products have been fairly successful at controlling insect pests, and NICHINO in particular has a historic role in the industry due to new product development. However, biological alternatives to chemical products are an essential market need. NICHINO is now taking a leading role in the industry by working to develop biological alternatives to chemical products. "Addressing crop pests with biological products is the critical need of this century, just as the discovery of chemical products to achieve the same goal was a desperate need of the last century. With NICHINO's nearly 100 years in the industry, we understand the needs of our customers and are committed to commercializing novel, highly-effective and environmentally-friendly insecticide products," said Shiro Takahashi, NICHINO's Senior Executive Officer and Division Manager of Corporate Planning Division.

"It is a real pleasure and exciting to work with established experts at NICHINO. We leveraged internal Boost efforts to jointly design an accelerated path to product discovery. We appreciate the NICHINO vision and leadership in the space," said Jamie Bacher, CEO of Boost "This is another example of how our platform can address diverse needs in the industry, and how we are ready and able to work with partners to achieve a variety of commercial goals with the theme to reduce the environmental impact of the food and agriculture industries broadly."

Under the joint development program, NICHINO and Boost will combine their expertise to develop a novel bio-insecticide. Boost's proprietary technology platform identifies interactions between microbes, which the company uses to assemble novel, effective and reliable multi-microbial products. The companies share a vision of delivering transformative bio-insecticides that promote sustainable agriculture practices worldwide.

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