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Mevalone Approval in California - Powdery Mildew
Mevalone Approval in California - Powdery Mildew.
About this update from Eden Research Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n13 May 2025\n \n\n \nEden Research plc\n(\"Eden\" or \"the Company\")\n \n \nApproval of Mevalone® to control powdery mildew in Californian grapes\n \n \nEden Research plc (AIM: EDEN), a leader in sustainable biopesticide and biocontrol technology, is pleased to announce the approval of its flagship product, the fungicide Mevalone®, for the control of powdery mildew in grapes in California. This latest regulatory approval extends the use of Mevalone on grapes in California, where it is already approved for the control of Botrytis cinerea.\n \nSipcam Agro USA, which already acts as the Company's exclusive distributor for Mevalone in the US, will now actively promote Mevalone for this new use, providing even more versatility for growers. It is expected that the label and marketing materials detailing the use of Mevalone for the control of powdery mildew will be updated for the current growing season. While the Company believes that the inclusion of powdery mildew to the label adds to the applicability of Mevalone for farmers and increases the chance of achieving a greater market share among botryticides, it does not expect to change its revenue expectations in the near term.\n \nPowdery mildew is a fungal disease that affects many crops. Eden estimates that the total addressable market for Mevalone in the US is in the region of €94 million, with California representing the largest share of this potential by a substantial margin.\n \nCalifornia leads US grape production, and powdery mildew and Botrytis severely impact California grape production, with the former representing the most prevalent fungal disease affecting grapes. Eden's solution not only provides a residue-free, plant-based option to vineyard managers but also represents an effective tool when compared to its conven...