Plant Health Care PLC PREtec Products Submitted for Regulatory Approval (4159N)
25 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMPHC
RNS Number : 4159N
Plant Health Care PLC
25 September 2023
25 September 2023
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
New PREtec Products Submitted for Regulatory Approval
PHC25279 and PHC68949 submitted for approval in Mexico
Plant Health Care(R) (AIM: PHC.L), a leading provider of novel
patent-protected biological products to global agriculture markets,
is pleased to announce it has submitted applications to the Mexican
regulatory agency for approval to commercialize the newest products
derived from the Company's PREtec technology platform (Vaccines for
Plants (TM) ), PHC25279 and PHC68949, for use on major crops.
PHC25279 helps control a broad spectrum of plant diseases when
used as part of an integrated disease control program and is
expected to find immediate application for the control of Gray Mold
(Botrytis cinerea) in berries, Downy Mildew (Pseudoperonospora
cubensis) in cucurbits such as cucumbers and Late Blight
(Phytothphora infestans) in tomatoes and other Solanaceae crops.
The current planted area in Mexico for berries totals 55,000
hectares. The production of cucumbers in Mexico is expected to
reach 1.02 million metric tons by 2026. Additional PHC25279 product
label claims against various other plant pathogens will be added in
the future.
PHC68949 is a novel product that amplifies a plant's natural
defense pathways to provide protection against plant parasitic
nematodes which damage plant roots and limit crop yield. As a next
generation bionematicide, PHC68949 increases plant health and yield
across a wide range of commercial crops. Results from field studies
confirm the efficacy from foliar applications of PHC68949 is
comparable to synthetic chemical nematicides and superior to
current biological products. PHC68949 is expected to find immediate
use in tomatoes, eggplants, peppers and other crops within the
Solanaceae family and in cucurbits to protect against yield and
quality losses caused by root knot nematodes (Meloidogyne spp.) and
other pathogenic nematode species. Mexico's 2023 fresh tomato
production is forecasted to reach 3.4 million metric tons (MMT).
Additional PHC68949 product label claims against plant parasitic
nematodes will be added in the future.
Both products are based on the Company's PREtec technology
platform (Vaccines for Plants (TM) ). Derived from natural
proteins, PREtec is an environmentally friendly technology which
stimulates plant defense and pathogen resistance mechanisms within
plants, resulting in improved crop growth and quality along with
the ability to withstand a variety of abiotic stresses. PHC25279
and PHC68949 represent unique products from this platform which
provide specific benefits of improved disease and nematode control,
plant health and yield. PREtec peptides are compatible with
mainstream agricultural practices and common IPM (Integrated Pest
Management) and resistance management practices.
The regulatory process in Mexico for agricultural products
involves a detailed and comprehensive review of standard data
requirements. Upon approval, the Federal Committee for Protection
from Sanitary Risks (COFEPRIS) will issue Federal Registration.
Although COFEPRIS does not commit to a specific timeline for
granting regulatory licenses, the Company expects the review to
start soon and to receive regulatory approvals within 1-2
years.
Plant Health Care continues to expand into new markets around
the world and is growing its relationships 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 organic business growth through current and future
distributor relationships.
Jeff Tweedy, CEO of Plant Health Care, said: "Ranking 11(th) in
global food production, Mexico provides a tremendous opportunity
for the adoption of these new products to support sustainable
agriculture. Building on the current success of our ProAct
biostimulant, our dedicated team in Mexico is already laying the
groundwork for the commercial launch of these two new products once
the regulatory licenses are granted. These registration submissions
are key steps for Plant Health Care in meeting our $30 million
revenue target by 2025."
For further information, please contact:
Plant Health Care plc
Jeff Tweedy, CEO +1 919 926 1600
Cavendish Securities plc - Nomad
& Broker
Neil McDonald / Pete Lynch +44 (0) 131 220 9771
SEC Newgate - Financial Communications +44 (0)7540 106 366
Robin Tozer / Harry Handyside phc@secnewgate.co.uk
/ George Esmond
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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