You are using an outdated browser. Please upgrade your browser to improve your experience.
Valagro S.p.A, a leader in the production and marketing of plant biostimulants and high efficiency nutritionals and Marrone Bio Innovations, Inc. (MBI), [NASDAQ: MBII], a global provider of bio-based pest management and plant health products announced they have signed an agreement to collaborate in the discovery and development of agricultural products. Under the agreement the companies will provide each other access to certain intellectual property, active ingredients, and formulations and evaluate the performance of combinations of technologies for commercial use.
Prem Warrior, Valagro Chief Operating Officer, sees great promise in the collaboration. “The synergy between Valagro and MBI is very high. Both companies are strongly committed to advancing the potential of bio-based compounds to improve plant health and yield potential in a wide variety of crops. MBI and Valagro are leaders in bioactive research and development so we fully expect working together will produce valuable outcomes and potential new product candidates.”
According to Dr. Alison Stewart, MBI Senior VP of R&D and Chief Technology Officer, “The research and development capabilities of the two companies are very complementary. Initially, we will focus on three areas of collaboration: Valagro will evaluate combinations of its biostimulants with MBI biologicals for synergistic effects; MBI will utilize its in-house screening program to assess Valagro bioactives for pesticidal activity; and both companies will co-develop MBI late-stage plant health bioactives leveraging Valagro technologies.”
About Valagro S.p.A.
Valagro is a leading company in the production and marketing of plant biostimulants and high efficiency nutritionals for use in agriculture, lawncare, gardening and various industrial applications. Founded in 1980 and based in Atessa, Italy, Valagro is committed to providing innovative and effective solutions for nutrition and plant care that can help our customers achieve higher yields and healthier crops with lower environmental impact. Valagro puts science at the service of humanity by helping to enhance wellbeing, promote improved nutrition and respect our habitat.
About Marrone Bio Innovations
Marrone Bio Innovations, Inc. (NASDAQ: MBII) is a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental, and water treatment markets. Our effective and environmentally responsible solutions help customers operate more sustainably while controlling pests, improving plant health, and increasing crop yields. We have a proprietary discovery process, a rapid development platform, and a robust pipeline of pest management and plant health product candidates. At Marrone Bio Innovations we are dedicated to pioneering better biopesticides that support a better tomorrow for users around the globe. For more information, please visit www.marronebio.com.