Bayer and Mitsui Chemicals Agro Sign Licensing Deal for Novel Fungicide

Germany’s Bayer and Japan’s Mitsui Chemicals Agro Inc (MCAG) have announced the signing of a license agreement for the development and marketing of quinofumelin, a new fungicide invented by MCAG.

Under the terms of this agreement, MCAG has granted Bayer a worldwide exclusive right to develop and commercialise quinofumelin-based products for crop use, except in other selected countries and regions including Japan where MCAG holds exclusive or shares co-exclusive rights with Bayer.

Featuring a new mode of action and broad fungicidal activity, quinofumelin will provide growers with a unique and attractive solution, Bayer said in a press note. It will also be an important rotation partner in managing fungicide resistance. Intended use applications for the new fungicide include fruit trees, leafy vegetables, fruiting vegetables, oilseed rape and rice. The first registration application is planned for 2020 in Japan, followed by other countries.