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Syngenta,DuPont in crop-protection technology deal

By Associated Press
June 24, 2008 | Comments (0)

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Swiss agrochemical company Syngenta said Tuesday it has signed a crop-protection technology agreement with U.S. specialty chemicals maker DuPont Co.

Under the deal's terms, the companies will share the costs to prepare regulatory studies for DuPont Cyazypyr, a new insecticide aimed to control moths and sucking insects such as leafhoppers and aphids.

Wilmington, Del.-based DuPont said the product is complementary to the DuPont Rynaxypyr insect control that Syngenta is developing through mixtures with its own insecticides.

Syngenta will also give DuPont access to other chemicals, which DuPont said it plans to use in herbicide mixtures for use on corn and sugarcane.

Shares of Sygenta rose $1.09 to $65.08 in premarket trading.

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