Nufarm and IBI-Ag have announced a collaboration agreement which grants Nufarm exclusive rights to further develop, with an option to commercialize, several specific bioinsecticide candidates discovered by IBI-Ag.
IBI-Ag is a leading ag-biologicals company that develops single domain antibody insecticides to increase crop production with no harm to farmers, consumers and the environment. As an agricultural innovator, Nufarm is focused on innovative crop protection and seeds solutions, and the agreement grants Nufarm exclusive rights to further develop and an option to commercialize several specific bioinsecticide candidates discovered by IBI Ag.
“We are thrilled about this exciting new collaboration with Nufarm, a renowned global leader in providing crop protection and seeds solutions,” said Arnon Heyman, the CEO of IBI-Ag. “This partnership signifies a significant milestone for IBI-Ag, as it not only showcases our remarkable technological advancements but also underlines the strength of our product-market alignment and our comprehensive go-to-market strategy. By joining forces with Nufarm, we are confident that we will be able to amplify our impact in the agricultural sector and further contribute to the advancement of sustainable farming practices.”
“Innovation and technology are the cornerstones of our future, and we focus on partnerships and collaborations to ensure we can access innovative solutions for our customers,” said Rico Christensen, Group Executive Portfolio, Nufarm. “This agreement gives us yet another avenue to provide better solutions to farmers now, and in the future.”
About IBI-Ag
IBI Ag is a pioneering bio pest control company that revolutionizes pest management with an innovative approach. Our unique value proposition, rooted in our proprietary technology and emphasis on antibodies as bioinsecticides, places us at the forefront of pioneering solutions for sustainable agriculture. Founded by the Bayer Trendlines Ag Innovation Fund, IBI Ag is dedicated to providing effective, environmentally friendly pest control solutions that prioritize precision and sustainability.
About Nufarm
Nufarm is a global crop protection and seed technology company established over 100 years ago. It is listed on the Australian Securities Exchange (ASX:NUF) with its head office in Melbourne, Australia. As an agricultural innovator, Nufarm is focused on innovative crop protection and seed technology solutions. It is the first company to develop and commercialise plant-based Omega-3 and has developed and commercialized advanced bioenergy feedstock technology.
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