Press release content from PR Newswire. The AP news staff was not involved in its creation.
FMC Corporation Collaborates with Novozymes to Co-Develop Enzyme Solutions
February 1, 2021 GMT
FMC Corporation Logo. (PRNewsFoto/FMC Corporation)
PHILADELPHIA, Feb. 1, 2021 /PRNewswire/ --
FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, has entered into a strategic collaboration with Novozymes, the world leader in biological solutions, to research, co-develop and commercialize biological enzyme-based crop protection solutions for growers around the world.
Collaboration between the two companies will concentrate on enzyme-based biocontrol technology for the global fungicide and insecticide markets under a multi-year global agreement. The partnership will focus on developing solutions for controlling key soybean fungal diseases such as Asian Soybean Rust (ASR), in addition to combination products with FMC’s leading diamide insecticide technology for controlling key insect pests. The companies will combine their respective R&D capabilities with FMC serving as commercial partner and Novozymes as the manufacturing partner. The partnership will leverage Novozymes’ technology to date, and FMC will help expedite and improve the success rate in identifying innovative biological crop protection products by assessing multiple classes of enzymes at the company’s high throughput screening laboratory.