REG - Plant Health Care - Brazil approves TEIKKO™

Plant Health CareAnnouncement

02/01/2024 07:00

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RNS Number : 2675Y  Plant Health Care PLC  02 January 2024

2 January
2024

 

Plant Health Care plc

 ("Plant Health Care" or the "Company")

 

Brazil approves TEIKKO™ (PHC68949) to Control Nematodes in Soybeans

 

Plant Health Care(®) (AIM.PHC.L), a leading provider of peptides used by
growers to improve crop production and quality within global agriculture
markets, is pleased to announce that its nematicide, TEIKKO, has received
federal approval in Brazil in time for commercial launch for the 2024/25
soybean growing season.

 

Highlights

-     TEIKKO is an entirely novel peptide product which offers farmers
good control of nematode pests, without resorting to conventional
agrochemicals;

-     Brazilian farmers spent more than $200m on nematode control in the
most recent season; and

-     The Company is in discussion with potential distributors for launch
of TEIKKO during 2024.

 

TEIKKO is a novel product, from the Company's PREtec peptide platform, that
amplifies a plant's natural defense pathways to provide protection against
plant parasitic nematodes which damage plant roots and limit crop yield.
TEIKKO is now approved as a seed treatment for the control of root-lesion
nematode (Pratylenchus brachyurus) in soybean. Research carried out during the
2021/22 and 2022/23 soybean crop seasons showed that TEIKKO gave similar or
superior performance to standard agrochemical treatments. TEIKKO offers
farmers the opportunity to avoid use of toxic agrochemicals, without
sacrificing performance.  Compared with alternative biological products, it
brings benefits such as three-year shelf-life and no special requirements for
storing, allowing flexibility on distribution to the farmers, low rates for
easy industrial seed treatment, no interference or incompatibility with other
traditional seed treatments, such as fungicides and insecticides, and reliable
performance under different environmental conditions, such as drought or
humidity. For the 2023/24 season, the soybean harvested area in Brazil is
forecast to be 45 million hectares.

 

According to the latest research published by Kynetec, Brazilian growers spent
$215 million on soybean nematode control for the 2022/23 season, which
reflects an annualized growth rate of 55% over the last six years.
 Additional crops and nematode species will be added to the TEIKKO product
label in the future, further expanding its potential use.

 

Plant Health Care is progressing discussions with several distribution
partners who will launch TEIKKO in 2024, for use for the 2024/25 soybean
growing season.

 

TEIKKO is based on the Company's innovative PREtec technology platform.
Derived from natural proteins, PREtec is an environmentally
friendly technology which stimulates plant defense and pathogen resistance
mechanisms within plants, resulting in improved crop growth and quality along
with the ability to withstand a variety of abiotic stresses.

 

Jeff Tweedy, CEO of Plant Health Care, said: ‟TEIKKO will help Brazilian
farmers sustainably produce their soybean crops and supports the Company's
vision to be a leading global provider of alternatives to conventional
agrochemicals. Unlike TEIKKO, current soil fumigants and other chemical
nematicides are known to have damaging off-target effects. TEIKKO is an
environmentally friendly biological alternative that performs as well as or
better than those older technologies and we expect to see rapid adoption
amongst Brazilian farmers.  We are excited about the developing plans to
launch TEIKKO in 2024, with strong growth thereafter."

 

 

# # #

 

 

For further information, please contact:

 

 Plant Health Care plc
 Jeff Tweedy, CEO

                                                         Tel: +1 919 926 1600
 Cavendish Capital Markets Limited - Nomad & Broker      Tel: +44 (0) 131 220 9771
 Neil McDonald / Pete Lynch

 

 

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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