BASF, AgraQuest Announce Agreement For Serenade
7 April 2009 Ludwigshafen, Germany-based BASF Corp. has entered into a license, supply, and distribution agreement with Davis, California, US company AgraQuest Inc. for bio-fungicide product Serenade — a fungicide and bactericide which can also be sprayed shortly before harvest. The patented active ingredient in Serenade, Bacillus subtilis strain QST 713, is registered as a fungicide in 25 countries and has obtainedAnnex 1 listing in the EU.
The deal will allow BASF to distribute existing Serenade products for foliar and drench applications in agricultural crops in many countries throughout Europe, Africa, Middle East, Asia, and Latin America, including exclusive distribution in countries not covered by existing AgraQuest partnerships. BASF will distribute two ready formulations — liquid Serenade ASO and the wettable powder, MAX. BASF’s initial focus will be to launch Serenade in Brazil, the world’s largest fungicide market, and obtain registrations in Germany, Austria, Netherlands, and Belgium.
Financial terms of the agreement were not discolosed.
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