Marrone Bio Innovations and Evogene Advance Novel Bacteria and Related Proteins Beyond Discovery into Insecticidal Product Development Phase
Marrone Bio Innovations, Inc. (MBII)
Last marrone bio innovations, inc. earnings: 11/12 04:05 pm
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Source: Business Wire
DAVIS, Calif. & REHOVOT, Israel--(BUSINESS WIRE)-- Marrone Bio Innovations Inc. (MBI), (NASDAQ:MBII), a leading global provider of bio-based pest management and plant health products, and Evogene Ltd. (NASDAQ, TASE: EVGN), a leading company for the improvement of crop productivity and economics for food, feed and fuel, announced today that MBI will advance certain novel bacteria and Evogene-identified related proteins into MBI's bioinsecticide product development pipeline under their previously announced multi-year collaboration for the discovery and development of novel insect control solutions. According to MarketsandMarkets, the bioinsecticides market was estimated to be valued at $1.2 billion in 2015. It is projected to grow at a compound annual growth rate of 18.3% from 2016 to 2021, reaching $3.2 billion by 2021. However, MBI also expects to access the larger chemical insecticide market, valued at
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