22nd Feb 2016 08:07
LONDON (Alliance News) - Eden Research PLC on Monday said it has received authorisation in Spain for its 3AEY product.
3AEY is for use in the prevention and treatment of botrytis in table and wine grapes. Botrytis is a fungal disease which causes grey mould on fruits and vegetables.
The product will be sold in Spain by Eden's partner Sipcam Iberia SL under the tradename ARAW, through which Eden will receive royalties. Full product launch is anticipated to be in time for this year's growing season, Eden said.
3AEY has already been authorised for sale in Kenya, Malta, Greece, Bulgaria and Italy.
"Approval in Spain represents the clearance of another hurdle in the commercialisation of 3AEY across Southern Europe, which has been eagerly anticipated by Eden, Sipcam and growers alike," Chief Executive Sean Smith said in a statement.
"Going forward, we will continue to work with Sipcam to support the further development of 3AEY for non-grape crops through the label extension process. Furthermore, we are also working together to explore the potential to develop 3AEY for the treatment of other fungal pathogens on grapes and other high-value fruits and vegetables," he added.
Shares in Eden Research were trading up 14% at 14.00 pence at the open on Monday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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