Tuesday, November 16, 2010

Bayer CropScience acquires varroa mite control product from Exosect

Sustainable solutions to improve health of bees

Monheim, November 16, 2010 – Bayer CropScience announced today that it has acquired a product for the efficient control of varroa mites (Varroa destructor) from Exosect Ltd., Winchester, United Kingdom. The market launch of this new bee health product in the United States is planned for 2011. First registrations in major European countries are expected from 2012 onwards. The acquisition also enables Bayer CropScience to develop innovative bee health solutions and to commercialize new bee health products worldwide. Financial terms were not disclosed.

The product is based on the innovative Entostat technology, a food grade powder refined from a natural wax which is sustainably harvested from a particular species of palm tree, combined with the miticidal active ingredient thymol. After being spread directly onto the top of the frames, bees start to clean the powder out of the hive. It adheres to their bodies via electrostatic attraction. As they move throughout the hive, the powder is distributed to other bees and onto the framework of the hive, including open brood cells.

“Bayer is aware of its responsibility as a producer both of crop protection products and of bee health products”, said Dr. Franz-Josef Placke, Head of Development at Bayer CropScience. “Therefore, we are investing in research and development to provide beekeepers with sustainable solutions to improve the health of their bees and beehives.”

“Exosect is delighted to have finalized the research and trials required for a regulatory data package”, commented Martin Brown, Exosect´s Managing Director. “Our patented platform technology, Entostat™ powder, has a huge potential and we believe that Bayer CropScience is very well placed to bring new products based on this innovative technology to market”, Brown added.

Varroa destructor is a relatively new parasite of the honey bee and has spread to most areas of the world within a short time period. The varroa mite is considered a crucial factor in the decreasing number of honey bee colonies in Europe and North America.

About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of about EUR 6.5 billion (2009), is one of the world’s leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and traits. The company offers an outstanding range of products and extensive service backup for modern, sustainable agriculture and for non-agricultural applications. Bayer CropScience has a global workforce of 18,700 and is represented in more than 120 countries. This and further news is available at: www.press.bayercropscience.com

About Exosect
Exosect is focused on the development of Intelligent Pest Management solutions. Its innovative and cost-effective products are used globally in a wide range of sectors including crop protection (agriculture, horticulture and stored products), apiculture and public health. Exosect was a SOFHT (Society of Food Hygiene and Technology) award winner in 2008 and a recent category winner in the 2010 Guardian Global CleanTech 100 awards for the second consecutive year. This and further news is available at: www.exosect.com

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