Eden News

Gardeners in Italy now have access to Eden's flagship biofungicide, Mevalone®, following regulatory approval by the Italian regulators for home garden use to control a number of important plant pathogens affecting the home grower. This is the first time that one of Eden's products has been approved by a regulator for domestic use.

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Corteva France has been appointed as Eden's exclusive supplier of Mevalone® in France to market, distribute and sell Eden's fungicide product across the nation. The Agreement with Corteva will be implemented immediately with commercial progress expected over the course of the next year as Eden transitions from its current distribution arrangements.

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Mevalone and Cedroz have been approved for use in organic farming in Greece. The certification, received by Eden's regional partner, K&N Efthymiadis ('KNE'), follows the authorisation of Eden's three EU-registered active ingredients for use in organic farming in 2020.

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The US EPA has granted Eden Research regulatory approval for or all five petitions submitted, covering the Company's three active ingredients (eugenol, geraniol and thymol) and two formulated products (Mevalone ® and Cedroz ™). The EPA approval of Eden's products and active ingredients will open significant revenue opportunities for Eden, with a total market potential of approximately €94m for Mevalone and €189m for Cedroz.

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The United States Environmental Protection Agency (EPA) has confirmed that it has granted Eden's plastic-free, microencapsulation technology, Sustaine®, an exemption from the requirement of a tolerance for residues in pesticide formulations in pre-harvest applications to crops. This is a key milestone with Eden now in the final stages of a process which should result in its three active ingredients (eugenol, geraniol and thymol) and two formulated products (Mevalone and Cedroz) receiving authorisation in the US in 2022.

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The French regulatory authority ANSES has granted full authorisation of Eden's biofungicide Mevalone® for use on pome fruits (such as apples and pears) to prevent post-harvest storage diseases. For full details please click here.

Second only to China, the US has one of the largest food markets in the world, contributing $1.109 trillion to its national GDP. This sizeable market and the nation’s growing demand for food is increasing the need for agricultural productivity and in turn driving demand for crop protection products.

To read the full article about how biopesticides can offer a valuable solution for protecting crop yields, please click here. 

From the 20th October 2021, Eden shares will be traded on the U.S. OTC market. The U.S. capital market represents an exciting and untapped opportunity for Eden to diversify its shareholder base with a strong appeal to its active investor community.

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Following significant label extensions in Spain earlier this year, Mevalone has also been authorised for use on a number of new crops in Portugal, where is is distributed by Sipcam under the brand name Araw. For full details, please click here. 

Eden has signed an agreement with Sipcam Oxon ("Sipcam") which allows Sipcam to market, distribute and sell, on an exclusive basis, Eden's fungicide product, Mevalone®, in four North African countries, where it will be marketed as "Araw®".

For full information, click here.