Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Marrone Bio Innovations and Plant & Food Research Agreement

Marrone Bio Innovations and Plant & Food Research Sign Agreement

New collaboration expected to drive the development of new biopesticides and plant health products

Auckland, 30 January 2014 - Marrone Bio Innovations, Inc. (MBI) (NASDAQ: MBII) and The New Zealand Institute for Plant & Food Research Limited (Plant & Food Research) announce the signing of a collaborative research agreement. The agreement covers a number of novel bio-active organisms and natural products which Plant & Food Research will provide to MBI for the expected development of biopesticides and plant health products. The MBI field of use includes conventional and organic agricultural uses, turf and ornamental, home and garden, and forestry.

Dr. Alison Stewart, MBI Sr. Vice President and Chief Technical Officer, sees great potential in the agreement. “Having been involved in the New Zealand biopesticide industry for 25 years I am very familiar with the potential of the Institute’s library of bio-actives. Now, I am optimistic that MBI’s expertise and technology can drive these actives toward successful commercialization.”

According to Dr. Gavin Ross, General Manager Business Development with Plant & Food Research, the agreement with MBI fits the strategy of his organization in ensuring innovation is advanced to market. “We have extensive experience in the discovery of new bio-active compounds, but we don’t possess the capabilities at industrial scale for formulation, production and commercialization. In partnering with a company with an international reach, such as MBI, we can ensure that our scientific knowledge is translated into products that can be used by growers worldwide. This agreement allows our respective organizations to concentrate on their areas of expertise to realize the best possible outcomes.”

About Marrone Bio Innovations
Marrone Bio Innovations, Inc. (NASDAQ: MBII) is a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental, and water treatment markets. Our effective and environmentally responsible solutions help customers operate more sustainably while controlling pests, improving plant health, and increasing crop yields. We have a proprietary discovery process, a rapid development platform, and a robust pipeline of pest management and plant health product candidates. At Marrone Bio Innovations we are dedicated to pioneering better biopesticides that support a better tomorrow for users around the globe. For more information, please visit www.marronebio.com.

About The New Zealand Institute for Plant & Food Research
Plant & Food Research is a New Zealand-based science company providing research and development that adds value to fruit, vegetable, crop and food products. With more than 800 people based at sites across New Zealand, as well as in the USA and Australia, at the heart of Plant & Food Research is a goal to underpin the growth of plant and marine-based industry through the successful application and commercialisation of research-based innovation.

Plant & Food Research’s science supports the sustainable production of high quality produce that earns a premium in international markets, as well as driving the design and development of new and novel functional foods that offer benefits to human health and wellbeing.

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include statements regarding our expectations, beliefs, hopes, goals, intentions, initiatives or strategies, including statements relating to product development. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those in the forward-looking statements, including the difficulty in predicting the outcome of product research and development efforts and regulatory approvals. Additional relevant information concerning risks can be found in the in the Form 10-Q that the Company filed with the Securities and Exchange Commission on November 8. 2013.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news