DuPont to acquire Taxon Biosciences
DuPont has agreed to acquire the US microbial genomics company, Taxon Biosciences (Tiburon, California), for an undisclosed sum. It has a broad intellectual property holding in the field of microbial bioconsortia and microbial genomics products that will contribute to the development of new DuPont crop protection products for seed, foliar and soil application to arable crops, fruit and vegetables, the company points out. "The acquisition of Taxon will complement and enhance our in-house microbial discovery programmes," says Frank DeGennaro, director of DuPont Biologicals. "With this added capability, we expect to accelerate our time from discovery to market and we are field testing biological discovery leads identified by Taxon this year," Mr DeGennaro adds. Crop biologicals include microbes, plant extracts and other natural substances to control pests and improve plant health, quality and yield. As part of an integrated approach to control pests, they can provide more choice and flexibility for growers and complement agrochemical and seed products, DuPont points out.