Bio-Gene Technology Ltd - Bio-Gene Successfully Complete Stage One Flavocide Research Program
Bio-Gene Technology Ltd (ASX:BGT)

Bio-Gene Successfully Complete Stage One Flavocide Research Program


What's happened?

Bio-Gene Technology Limited (ASX:BGT) have announced the successful completion of its stage one Flavocide research program with BASF and GRDC for stored grain pest control.

What are the key highlights?

  1. Stage one identified the optimum product combining Flavocide with existing compounds for control of the most common, and highly resistant grain storage pest, the Lesser grain borer.
  2. The results guide treatment modifications for evaluation on the other major pests of stored grain, with the aim of developing one product combinationthat can control all fivepest species.
  3. The Four-way collaborative approach involved Bio-Gene, BASF, Grains Research and Development Corporation (GRDC), and Department of Agriculture and Fisheries, Queensland Government (DAF)
  4. The collaborating parties recently met to review the data and determine the details of the second phase, which will focus on testing optimised combinations against the other major pest species impacting stored grain, being theFlour beetle, Saw-toothed beetle, Flat grain beetle and Rice weevil.
  5. The second laboratory testing stage will begin in May and is anticipated to take three months to complete.

Refer to the announcement linked below for further information.

CEO's Summary

Richard Jagger

"The largest natural threat to the safe storage and distribution of grains is insect infestation. There is currently no single chemistry that controls all the major pests. Furthermore, the incidence of resistance to existing chemistries is rising in Australia, and around the world. Bio-Gene’s nature-identical molecule Flavocide has the potential to create formulations that will enable control of the full range of pests including those resistant to other classes of chemistry. We are delighted that the first stage of testing is completed, creating data to enable us to determine the optimum product combinations to advance to the next stage of testing against additional key grain storage pest species. This brings us another step closer to ultimate commercialisation of the technology, which has the potential to significantly reduce loss of grain due to insect damage. In this research program, Bio-Gene is benefitting from input from our three expert industry collaborators, covering research, product supply and food production thereby ensuring we optimise our time and resources to develop the best possible solutions for grain producers and the industry."

Richard Jagger
CEO, Bio-Gene Technology Ltd

Download Announcement

View this announcement as well as our full profile on the company.

How do I invest?

Considering investing in Bio-Gene Technology Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:BGT

    On your online investment platform search for the stock ticker code ASX:BGT to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.