Eden Research plc, a leading UK agrochemical development company, is pleased to announce the receipt of the Draft Assessment Report for its lead product 3-AEY from Pesticide Safety Directorate (PSD), the UK regulatory authority. This represents a significant milestone towards the EU approval of Eden’s lead product 3-AEY.
The Draft Assessment Report is the evaluation document for an active substance, for Annex I listing, prepared by the Member State (in this case the UK authority, PSD, taking lead responsibility). Other member states will, in due course, review the DAR as part of the EU wide Annex I approval system. This milestone is in line with the Company’s expectations in respect of conclusions and timing.
Tim Griffiths, the Chief Executive of Eden Research plc, said:-
“This is clearly a significant step towards commercialisation of our product pipeline and, in particular, our first product, 3-AEY. This sends an important message to the market that, not only is our technology commercially accepted, as proven by the agreements that we already have in place, but, its safety is now also acceptable to the regulatory authorities.”
Information relating to the regulatory process can be found on the PSD website (www.pesticides.gov.uk) or on Eden’s website within the ‘Product Areas’ section (www.edenresearch.com/html/products/RS.asp).
Tim Griffiths, Chief Executive
Eden Research plc
Tel: 01993 868844
Matthew Robinson
FinnCap
Tel: 020 7600 1658
Eden Research plc is a UK publicly listed company on the PLUS Market, specialising in the development of agrochemical products and intellectual property through licensing and marketing agreements.
Eden is focused on developing products for the agricultural sector through the application of terpene chemistry and other patented environmentally friendly technologies. Eden is currently working alongside universities and partner companies in developing its product portfolio towards commercialisation.
For further information please visit www.edenresearch.com.