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Bio-Gene Technology’s (ASX:BGT) insecticides could soon be used across America

Health Care
ASX:BGT      MCAP $15.10M
23 April 2020 13:45 (AEST)

Bio-Gene Technology’s (BGT) insecticides could soon be used in mosquito control across North, Central and South America.

The agtech developer has today announced a partnership with Clarke Mosquito Control to further develop its Flavocide and Qcide technologies.

In August 2019, Bio-Gene signed a Material Transfer Agreement (MTA) with Clarke which allowed Clarke to undertake internal testing of the technologies on Anopheles, Aedes and Culex mosquito species.

Following successful results from the internal testing, Clarke and Bio-Gene inked the agreement which will see them further develop the formulations of Flavocide and Qcide.

Bio-Gene CEO and Managing Director Richard Jagger said the partnership represents a significant milestone for the company.

“This agreement with Clarke has the opportunity to expand into other markets and is very valuable for our discussions with other stakeholders including, for example, NGOs and philanthropists to further develop commercialisation opportunities in the public health space,” he commented.

At present Bio-Gene is in discussions with other companies, seven of which are carrying out their own testing on Flavocide and Qcide under MTAs. These companies work in crop protection, grain storage, public health and consumer products.

Company shares are trading flat for 19.5 cents each at 12:56 pm AEST.

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