) has entered into a global technology licensing agreement with
) which will augment both the company's crop protection product
portfolio and allow them to introduce new fungicide products in
the market. The transaction is contingent on the final approvals
from applicable regulatory authorities. The financial terms and
conditions of the agreement were not revealed.
As part the global licensing deal, Syngenta will be developing
products containing DuPont's fungicide oxathiapiprolin.
Development of the new piperidinyl thiazole isoxazoline class of
fungicides represents a considerable improvement for growers in
controlling diseases in potatoes, grapes, vegetables and other
The deal offers Syngenta exclusive rights for foliar and
soil uses on all crops in North America and for lawn and garden
uses across the globe. Syngenta also receives rights on some
crops for seed treatment worldwide and for the development of
foliar and soil uses on certain crops outside of North
This agreement also provides DuPont exclusive access to
Syngenta's Solatenol for mixture with the former's picoxystrobin
fungicide on soybean and other crops in Brazil. Syngenta's
Solatenol is a new benz-pyrazole SDHI fungicide which helps to
bring a new mode of action with no cross-resistance in the
existing fungicides. It offers remarkable and prolonged control
of Asian rust in soybean.
The deal testifies DuPont Crop Protection's commitment to its
customers by delivering innovative products from its strong
businesses while retaining its focus on sustainability and
maximization shareholder value.
DuPont currently holds a short-term Zacks Rank #3 (Hold).
CELANESE CP-A (CE): Free Stock Analysis
DU PONT (EI) DE (DD): Free Stock Analysis
SHIN-ETSU CHEM (SHECY): Get Free Report
SYNGENTA AG-ADR (SYT): Free Stock Analysis
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