REHOVOT, Israel - AgPlenus Ltd., a subsidiary of Evogene Ltd . (NASDAQ:EVGN) (TASE:EVGN), announced a significant advancement in its collaboration with Corteva Agriscience (NYSE:NYSE:CTVA). The companies have successfully identified a new family of molecules, APCO-12, with a novel Mode of Action (MoA) for herbicide development.
The herbicide market is projected to reach $42.81 billion in 2024. The agricultural sector has been challenged by weed resistance due to the limited introduction of new MoAs over the past thirty years. The collaboration, which started in 2020, combines Corteva's product discovery expertise with AgPlenus's computational platform to address this issue.
Today, the partnership revealed the discovery of a potential new class of herbicidal molecules. The next phase will optimize these molecules for commercial use, leveraging AgPlenus's computational technology, powered by Evogene's ChemPass AI tech engine, and Corteva's R&D capabilities.
Vid Hegde, VP of Crop Protection Discovery (NASDAQ:WBD) and Development at Corteva, emphasized the critical need for new technologies to combat weed resistance. He acknowledged the collaboration's acceleration in identifying a new herbicide chemistry targeting a novel MoA.
Dr. Dan Gelvan, CEO of AgPlenus, expressed excitement over the milestone and the synergy between the teams. He reiterated AgPlenus's commitment to sustainable agriculture and the goal of providing innovative herbicide solutions to farmers globally.
AgPlenus is a technology platform company focused on the discovery of sustainable crop protection products to ensure food security. The company uses a target-based approach to minimize risks and enhance effectiveness in developing novel crop protection products.
Evogene is a computational biology company that uses Big Data and AI to revolutionize life-science-based product development, aiming to improve success rates while reducing time and cost. It operates through subsidiaries and strategic partnerships across various sectors, including human therapeutics, agriculture, and biofuels.
This news article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.