AGM Statement
08 Septiembre 2008 - 6:59AM
UK Regulatory
AGM STATMENT
Eden Research plc, a leading UK agrochemical development company, has held its Annual General Meeting
today at which all resolutions were duly passed.
Over the past year, Eden has focused on supporting its commercial partners Cheminova and Redestos to
achieve product registrations in their respective territories. The processing of the dossier for 3-AEY
by the EU Rapporteur is on target for completion at the end of this year; no further data have been
requested. This milestone would allow individual country applications to be made from early 2009
onwards.
Testing by our partners continues to highlight the performance benefits of our naturally based
treatment. Field trials for label extensions in several high-value crops such as strawberries are in
process.
Having granted Cheminova extended territories under the original agreement, we are now in advanced
discussions with significant distributors to complete deals in other specialist markets such as Africa
and Asia.
During the period, Eden entered into testing agreements with major European protected-crop specialist
Koppert B.V. and a leading US-based biopesticide manufacturer. These agreements cover short-term
testing of new development areas such as insecticidal applications and product enhancement.
Eden's nematicide product has been subjected to extensive screening in all relevant territories over
the past year. New application techniques supported by novel granular formulations have been developed
by our contract research contractor Battelle. We plan to commence the registration programme next
year. Globally, markets are desperately seeking new products due to increasing regulatory restrictions
on existing soil treatments and toxic, broad-spectrum products.
In addition, the company has broadened its product portfolio having identified new leads for the
control of mites and whitefly in high-value glasshouse crops. Eden's products exhibited excellent
efficacy as well as safety to many of the beneficial insects used to control pests in integrated crop
management programmes.
Eden has rapidly developed its patented technology from concept. The safe nature of the activities has
helped us to achieve rapid progress through the regulatory process and our first products are planned
to be on the market early next year. Much of the work is also completed on other products in the
company's portfolio.
I would like to thank our team for their excellent work and expect to be able to announce further
commercial progress in relation to the registration of our lead product 3-AEY and further commercial
agreements over the next year.
Ken Brooks
Chairman
For further information:
Tim Griffiths, Chief Executive, Eden Research plc
T: 01993 868844
Matthew Robinson/Rose Herbert, FinnCap
T: 020 7600 1658
About Eden Research plc
Eden Research plc is a UK publicly listed company on the PLUS Market, specialising in the development
of agrochemical products and intellectual property through licensing and marketing agreements.
Eden is focused on developing products for the agricultural sector through the application of terpene
chemistry and other patented environmentally friendly technologies. Eden is currently working
alongside universities and partner companies in developing its product portfolio towards
commercialisation.
For further information, please visit www.edenresearch.com.
Eden Research plc
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