GREENSBORO, N.C. – The release of one of the most widely anticipated pesticides in years got one step closer to happening when Syngenta agreed to pay Bayer $120 million to settle Bayer’s patent infringement suit surrounding Syngenta’s new chemistry, thiamethoxam.
The chemical, which will serve as the active ingredient in Syngenta’s yet-to-be released insecticide Meridian, is part of the neonicotinoid class of products. Bayer filed the suit on the basis that the product violated patents awarded to its leading insecticide called imidacloprid, which is marketed to lawn care professionals as the popular grub control product Merit. In addition, Syngenta will market products containing thiamethoxam into the agricultural crop and seed treatment markets.
Syngenta’s motivation in reaching such a deal with Bayer is obvious – the company expects thiamethoxam-based products to exceed $200 million.
Latest from Lawn & Landscape
- Bartlett Tree Experts gave away 50,000 tree seedlings for Arbor Day
- Connect, Control & Conserve with Horizon Technical Services
- Use Horizon's Parts Hotline
- How I built a Top 100 company
- Horizon’s Exclusive TurfGro Fertilizer
- Grow your business with mosquito control
- LandCare adds 2 branches in SoCal, promotes Aleman to branch manager
- Spray them away