Plant Health Care PLC Biofungicide PHC279 Approved by US EPA (5919R)
02 March 2023 - 6:00PM
UK Regulatory
TIDMPHC
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(R) (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(R) 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(TM))
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(R) 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(R)
product since 2019, and we look forward to similar success with
Obrona."
For further information, please contact:
Plant Health Care plc
Jeff Tweedy, CEO +1 919 926 1600
Cenkos Securities plc - Nomad & Broker
Neil McDonald / Pete Lynch +44 (0) 131 220 9771
SEC Newgate (Financial Communications) +44 (0)7540 10666
Robin Tozer / George Esmond / Harry phc@secnewgate.co.uk
Handyside
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
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