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Neogen Stock Gains Following Strategic Alliance With Syngenta
ZACKS· 2025-05-20 12:55
Company Developments - Neogen Corporation (NEOG) has entered into a strategic licensing and supply agreement with Syngenta, granting exclusive rights to market and sell Talon-G and Talon Weatherblok XT rodenticides in the United States and Canada, which is expected to enhance Neogen's rodenticide portfolio with established products [1][5] - Following the announcement, NEOG shares increased by 4.7% to $6.70 in after-market trading [2] - Neogen's market capitalization stands at $1.43 billion, with an earnings yield of 5.75%, significantly higher than the industry's 0.04% [4] - The Zacks Consensus Estimate for fiscal 2026 earnings is projected at 44 cents per share, indicating a growth of 17.1% from fiscal 2025 [4] Industry Insights - The global rodenticides market was valued at $6.34 billion in 2024 and is anticipated to reach $8.64 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% [7] - The rodenticides market is crucial for pest control, addressing challenges posed by rodent-borne diseases and crop damage [7] Product Innovations - Neogen launched the Neogen Molecular Detection Assay 2 – Quantitative Salmonella (MDA2QSAL96), which improves sensitivity and accuracy in pathogen testing [8] - In late 2024, Neogen introduced the Petrifilm Bacillus cereus Count Plate, providing a reliable testing method for food safety professionals [9]
FMC Corporation receives first product registration in Brazil for Sofero™ Fall pheromone
Prnewswire· 2025-04-10 20:30
Core Insights - FMC Corporation has received registration in Brazil for its Sofero™ Fall pheromone, targeting fall armyworm, marking a significant milestone in sustainable crop protection solutions [1][3] - Sofero™ Fall represents a novel approach to pest management, focusing on mating disruption to prevent reproduction of fall armyworm, thus enhancing crop protection [3][4] - The Sofero™ portfolio aims to address resistance challenges faced by growers, providing an integrated solution alongside traditional pest management practices [4][5] Company Overview - FMC Corporation is a global agricultural sciences company dedicated to sustainable agricultural practices, helping growers produce food, feed, fiber, and fuel [6] - The company emphasizes innovation in crop protection solutions, including biologicals and precision agriculture, to meet the challenges of a growing world population [6] Product Details - Sofero™ Fall is the first product under the Sofero™ pheromone solutions brand, targeting key crops such as rice, corn, cotton, and soybeans [4] - The product utilizes proprietary microencapsulation technology to enhance stability and effectiveness, providing longer-lasting protection for crops [3][4]