, /PRNewswire/ -- Agricultural biotech firm Moa Technology has signed a research and commercial partnership with Nufarm, a global agricultural innovator based in . Moa has discovered several promising new classes of herbicide with its breakthrough innovation platform, which are currently in field trials in the US, UK, and . The deal provides Nufarm exclusive access to a new mode of action product in one of these.
Weeds pose a serious and increasing threat to crop harvests around the world, and there is growing demand from farmers for new, safe and effective weed management solutions. In return, Moa will receive upfront payments, milestone development payments and eventual royalties from sales of the herbicide, which could be the first broad spectrum agricultural herbicide to work in a completely different way in forty years. Nufarm will also exclusively retain the option to commercialise other Moa compounds from the same mode of action area.
Together Moa and Nufarm will be responsible for steering the new chemical series through the research phase, expected to take around two years, while Nufarm will lead the final phases of development and go-to-market. Spun out of in 2017, Moa has developed a proprietary biological platform to discover a whole new generation of synthetic and bio-herbicidal compounds based on novel modes of action, to provide farmers with safe, cost-effective, technologically-advanced solutions at a pace weeds cannot match. In the last three years, Moa's pla.