FMC/Quimica Agronomica R&D pact
FMC has entered into research and development agreement with the Mexican company, Química Agrónomica de Mexico (Chihuahua), for several proprietary “biological” pesticides. The companies will co-develop the new fungicides and insecticides from Química Agrónomica for use worldwide. FMC ceased its discovery activities in 2005 but has engaged in a number of development and commercialisation deals with third parties. It expects to have more than 100 new products by 2015 and be moving towards a target of 35% of sales coming from products launched in the previous five years ( Agrow No 644, p 4).