Business
US State Regulatory Approvals Update
US State Regulatory Approvals Update.
About this update from Eden Research Plc
[{"type":"text","content":"\n \n \n 23 March 2023\n \n \n \n \n \n \n \n \n \n \n \n Eden Research Plc\n \n \n (\"Eden\" or \"Company\")\n \n \n \n \n \n \n Eden granted numerous US state regulatory approvals\n \n \n \n \n \n \n Eden Research plc (AIM: EDEN; OTCQB: EDNSF), the AIM-quoted company focused on sustainable biopesticides and plastic-free formulation technology for use in the global crop protection, animal health and consumer products industries, announces that it has to date received regulatory approval in 17 US states for its formulated product\n Mevalone\n \n ®\n \n , and 8 US states for its f\n ormulated product Cedroz™.\n \n \n \n \n \n These approvals follow regulatory authorisation from the United States Environmental Protection Agency (EPA) in September 2022 for all six petitions submitted by Eden (three active ingredients, two formulated products and Eden's Sustaine\n \n ®\n \n polymer-free encapsulation technology; making up the building blocks of current and future products), opening up significant revenue opportunities for the Company with a market potential in the United States of approximately €94 million for Mevalone and €189 million for Cedroz.\n \n \n \n \n \n Mevalone has been approved for use on botrytis on table and wine grapes in the following states: Alabama, Arizona, Florida, Georgia, Idaho, Illinois, Michigan, Mississippi, Missouri, New York, North Carolina, Oregon, Pennsylvania, Texas, Virginia, Washington, and West Virginia.\n \n \n \n \n \n Eden has also received approval for its second commercial product, Cedroz, which can now be applied to fruits and vegetables to defend against destructive parasitic nematodes that affect crops grown both indoors and outdoors. Cedroz approvals have been granted for a wide range of crops, including eggplant, peppers, tomatoes, cantaloupes, cucumbers, pumpkins, squash, zucchini, carrots, strawberries, and grapes; in the following states: Florida, Georgia, Michigan, New York, Oregon, Texas, Washington, and Wisconsin.\n \n \n \n \n \n Eden's application for regulatory approval in California is still in progress, but the Company expects approval will be received in the coming months.\n \n \n \n \n \n Regulators around the world have banned a rapidly growing number of commonly used conventional chemical pesticide products in recent...