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Early exercise of option under licensing agreement
Eden Research, a leading UK agrochemical development company, is pleased to announce that Cheminova, the leading Danish manufacturer of fine chemicals within the plant protection sector, has exercised early its option to take 7 additional territories under the original agreement dated 14 May 2007. The original option for the other territories remain valid until 31.12.08.
Tim Griffiths, the CEO of Eden, said:
'I am pleased that Cheminova has exercised its option in respect of these territories earlier than required. This demonstrates that our partnership is strong and working well and we look forward to making increasing progress with 3AEY Botrytis treatment trials.'
Tim Griffiths, Chief Executive, Eden Research plc
T: 01993 868844
Matthew Robinson/Rose Herbert, JMFinn Capital Markets Ltd
T : 020 7600 1658
Jonathon Brill/Caroline Stewart, Financial Dynamics
T: 020 7831 3113
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