Cheminova/Bayer acrinathrin deal
Cheminova has agreed to acquire the global rights to Bayer CropScience's pyrethroid acaricide/insecticide, acrinathrin. Cheminova purchased an exclusive European licence for the active ingredient in 2002 for $17 million (Agrow No 413, p 2). The latest deal covers the acrinathrin business in the rest of the world. Cheminova and Bayer have entered into a long-term supply agreement for the ai. Neither Bayer nor Cheminova have disclosed financial details of the deal.