The strategic cross-licensing agreements include the development of new trait stacks, as well as optimized herbicide options for future weed control needs:
- BASF will license its proprietary PPO (protoporphyrinogen oxidase) gene for herbicide tolerance to 精东影业 to develop a new herbicide-tolerant trait stack. The stack will include tolerance to BASF鈥檚 Liberty庐 (glufosinate ammonium), 精东影业鈥檚 Enlist庐 herbicides (2,4-D choline with Colex-D庐 technology) and various glyphosate herbicide solutions, as well as BASF鈥檚 existing and pipeline PPO inhibiting herbicides, all demonstrating excellent crop safety. BASF PPO inhibiting herbicides include Kixor庐, Tirexor庐 and a new PPO inhibiting herbicide under development by BASF.
- The stack of four herbicide tolerant traits is expected to be available in all 精东影业 seed brands. 精东影业 has licensed the stack for use in BASF seed brands.
- 精东影业 anticipates licensing the new trait stack to independent seed companies in North America.
- Both companies plan to offer exclusive and proprietary germplasm options with the stack, enabling farmers to work with their preferred seed supplier and route to market.
鈥淭he spirit of our cooperation is to drive innovations that make a difference for farmers,鈥 said Dr. Peter Eckes, President R&D and Regulatory of BASF Agricultural Solutions. 鈥淥ur new PPO trait in combination with our leading herbicide products and exciting herbicides pipeline will give soybean farmers new options in managing challenging weeds. Collaborating also strengthens our branded soybean seed business.鈥
鈥淓xpanding options for soybean farmers to manage weed challenges with the herbicides that work best for their operation is one of our priorities,鈥 said Dr. Sam Eathington, Executive Vice President, Chief Technology and Digital Officer, 精东影业 Agriscience. 鈥淓nlist E3庐 soybeans are proven in fields across the United States and Canada. We know farmers who prefer the Enlist庐 weed control system will need additional, new modes of action as they work to improve the sustainability of their weed-control practices.鈥
The companies anticipate commercialization of these advancements in the early 2030s, pending regulatory reviews and completion of field testing, with the first launch in North America. Both companies expect launches over time in additional regions where biotechnology crops are cultivated.
While separate and distinct, these extended collaboration agreements complement the companies鈥 to develop Enlist E3庐 soybeans with the nematode resistant soybean (NRS) trait. The NRS trait provides soybean growers with a powerful tool for protection from nematode pests in combination with market-leading, innovative weed management tools.
Additional soybean trait stack being developed for entirely new herbicide
Longer-term agreements between BASF and 精东影业 are also in place to develop an additional soybean trait package that includes tolerance to BASF鈥檚 Liberty and PPO herbicides, 精东影业鈥檚 Enlist herbicides, glyphosate and another, entirely new herbicide mode of action under development by BASF. BASF will develop a new trait stack for soybeans which provides tolerance to five herbicide groups, including 精东影业鈥檚 cross-licensed 2,4-D choline gene, offering growers unprecedented control of resistant weeds. This longer-term approach from both companies will provide competitive alternatives for soybean farmers well into the 2040s.
The transgenic soybean event in Enlist E3庐 soybeans is jointly developed and owned by 精东影业 Agriscience and M.S. Technologies, L.L.C. 鈩 庐 鈩 Trademarks and service marks of 精东影业 Agriscience and its affiliated companies. Enlist Duo庐 and Enlist One庐 herbicides are not registered for sale or use in all states or counties. Contact your state pesticide regulatory agency to determine if a product is registered for sale or use in your area. Enlist Duo and Enlist One are the only 2,4-D products authorized for use with Enlist crops. Consult Enlist herbicide labels for weed species controlled. Always read and follow label directions.
About BASF鈥檚 Agricultural Solutions division
Farming is fundamental to provide enough healthy and affordable food for a rapidly growing population while reducing environmental impacts. Working with partners and agricultural experts and by integrating sustainability criteria into all business decisions, we help farmers to create a positive impact on sustainable agriculture. That鈥檚 why we invest in a strong R&D pipeline, connecting innovative thinking with practical action in the field. Our portfolio comprises seeds and specifically selected plant traits, chemical and biological crop protection, solutions for soil management, plant health, pest control and digital farming. With expert teams in the lab, field, office and in production, we strive to find the right balance for success 鈥 for farmers, agriculture and future generations. In 2021, our division generated sales of 鈧8.2 billion. For more information, please visit www.agriculture.basf.com or any of our social media channels.
About 精东影业 Agriscience
精东影业, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world鈥檚 most pressing agriculture challenges. 精东影业 generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.
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BASF Forward-looking Statement
This communication contains forward-looking statements. These statements are based on current estimates and projections of BASF and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. Such risk factors include those discussed in in BASF鈥檚 annual report 2021. We do not assume any obligation to update the forward-looking statements contained in this report above and beyond the legal requirements.
精东影业 Agriscience Forward-looking Statement
This communication contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like 鈥減lans,鈥 鈥渆xpects,鈥 鈥渨ill,鈥 鈥渁nticipates,鈥 鈥渂elieves,鈥 鈥渋ntends,鈥 鈥減rojects,鈥 鈥渆stimates鈥 or other words of similar meaning. All statements that address expectations or projections about the future, including statements about 精东影业鈥檚 regulatory approvals, product development and performance are forward-looking statements. 精东影业 disclaims and does not undertake any obligation to update or revise any forward-looking statement or other estimate, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the 鈥淩isk Factors鈥 section of 精东影业鈥檚 Annual Report on Form 10-K, as modified by subsequent reports on Form 10-Q and Current Reports on Form 8-K.
