Plant Health Care - Biofungicide PHC279 Approved by US EPA
02/03/2023 07:00
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RNS Number : 5919R Plant Health Care PLC 02 March 2023
RNS
2 March 2023
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
Biofungicide PHC279 Approved by US EPA
Plant Health Care(®) (AIM: PHC.L), a leading provider of novel
patent-protected biological crop protection products to global agriculture
markets, is pleased to announce US Environmental Protection Agency commercial
approval of its novel peptide fungicide, coded as PHC279.
Wilbur-Ellis(®) Agribusiness, one of the largest U.S. retailers of
agricultural products, is expected to commence sales of PHC279 within key US
markets under the brand Obrona in 2023.
Plant Health Care and Wilbur-Ellis have been working exclusively together
since 2020 on the development and commercialisation of PHC279 in high value
specialty and row crop agriculture markets. Obrona is a unique product
developed to help growers control a wide range of fungal and bacterial plant
pathogens, particularly in fruits, nuts, vegetables, and row crops. Multiple
years of product validation field trials have produced a robust data set to
support initial launch targeted to control powdery and downy mildew and
various other diseases in grapes as well as white mold (Sclerotinia
sclerotiorum) and other diseases affecting leafy vegetables within key Western
US states as well as gray leaf spot, common rust and northern corn leaf blight
in tank mixes in corn.
Derived from natural proteins, PHC279 is the first product from the Company's
PREtec technology platform (Vaccines for Plants™) that will be available to
US farmers. PREtec stimulates crop growth and the ability to withstand a
variety of abiotic stresses as well as to improve disease control, plant
health and yield. The Company's initial PREtec product, Saori(®) is being
successfully used in Brazil for the prevention and treatment of soybean
diseases.
PREtec provides growers with a novel and environmentally friendly approach to
growing crops and is compatible with mainstream agricultural practice. As part
of an integrated pest management program, PHC279 will reduce reliance on older
synthetic pesticides. The availability of Obrona will support farmers seeking
to use more sustainable and environmentally friendly practices while
continuing to provide safe, abundant, and high-quality food.
Plant Health Care continues to expand into new markets around the world
through strategic partnerships with major global distribution partners. The
Company is on track to achieve revenue of $30 million by 2025 through the
launch of new products and continued growth through current and future
distributor relationships.
Jeff Tweedy, CEO of Plant Health Care, said: ‟Today's announcement marks
another significant milestone for Plant Health Care. I am pleased that along
with Wilbur-Ellis we are one-step closer to the first sales of Obrona in the
US, the first product available in the US from our PREtec technology
platform. Obrona will support sustainable agriculture with better crops
delivering higher yield for thousands of farmers. Wilbur-Ellis has proven to
be a strong partner over the years, supporting our Employ(®) product since
2019, and we look forward to similar success with Obrona."
For further information, please contact:
Plant Health Care plc +1 919 926 1600
Jeff Tweedy, CEO
Cenkos Securities plc - Nomad & Broker +44 (0) 131 220 9771
Neil McDonald / Pete Lynch
SEC Newgate (Financial Communications) +44 (0)7540 10666
Robin Tozer / George Esmond / Harry Handyside phc@secnewgate.co.uk (mailto:phc@secnewgate.co.uk)
About Plant Health Care
Plant Health Care offers products to improve the health, vigour and yield of
major field crops such as corn, soybeans, potatoes and rice, as well as
specialty crops such as fruits and vegetables. We operate globally through
subsidiaries, distributors and supply agreements with major industry partners.
Our innovative, patent-protected biological products help growers to protect
their crops from stress and diseases, and to produce higher quality fruit and
vegetables, with a favourable environmental profile.
Find out more at www.planthealthcare.com (http://www.planthealthcare.com)
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