BASF and Japanese company Meiji Seika Kaisha, Ltd. have agreed to co-develop a new insecticide — code-named ME5343 — for the control of piercing and sucking insects, according to a BASF press release. ME5343, which was discovered in a research collaboration between Meiji Seika and The Kitasato Institute, represents a new class of chemistry and a new mode of action.
The insecticide shows significant efficacy for the control of aphids, whiteflies and certain scales, mealy bugs and leaf hoppers, including those that have developed resistance to other insecticides, and has potential use applications in vegetables, fruit, vine, row crops, and ornamentals, and has shown to be effective as a foliar, seed, and soil applied treatment. ME5343 is expected to be launched in the Japanese market in 2014 and other markets in 2015.
Research trials suggest the insecticide is low in toxicity to beneficial arthropods, including pollinators, and shows low toxicity to the environment, non-target organisms and mammals. Meiji Seika will submit the new compound for regulatory approval in Japan in 2012. BASF will submit for regulatory approval in the US, Brazil, and EU in 2013, with commercial launch planned for 2015.
Under the terms of the agreement, Meiji Seika granted a worldwide, exclusive license (except Japan, Taiwan and South Korea, where Meiji Seika will hold the exclusive license) to BASF to develop and commercialize the new insecticide.
Further details of the agreement were not disclosed.