FMC Corporation Granted Interim Injunction Against Agricultural Chemicals Manufacturer Natco for Patent Infringement

Rhea-AI Summary

FMC Corporation (NYSE: FMC) has secured an interim injunction from the Delhi High Court against NATCO Pharma Limited for patent infringement regarding chlorantraniliprole, FMC's leading insect control active ingredient. This lawsuit, initiated in October 2019, prohibits NATCO from producing or selling products containing this patented ingredient, marketed by FMC as Rynaxapyr® in India. FMC emphasizes its commitment to protecting farmers and its investment in innovation to support agricultural production in India.

Positive

• Secured interim injunction against NATCO for patent infringement, protecting chlorantraniliprole.
• Continues commitment to agricultural innovation and genuine crop protection products.

Negative

• None.

PHILADELPHIA, July 7, 2021 /PRNewswire/ --

FMC Corporation (NYSE: FMC), an agricultural sciences company, announced the Delhi High Court today granted the company an interim injunction against NATCO Pharma Limited ("Natco"). The interim injunction restrains Natco from manufacturing, using, distributing, advertising, exporting, offering to sell and/or selling any product which contains chlorantraniliprole, FMC's leading insect control active ingredient.

FMC filed the lawsuit against Natco at the Delhi High Court in October 2019 for potential patent infringement of certain Indian patents covering chlorantraniliprole. FMC sells chlorantraniliprole in India under the trade name Rynaxapyr^® active, which is the primary ingredient in Coragen^® and Ferterra^® insecticides.

Coragen^® and Ferterra^® insecticides are approved for controlling pests on rice, sugarcane, vegetables, maize as well as other important crops. These insecticides and their patented active ingredients are well known by farmers and recognized for their favorable safety and environmental profile, which has earned them a green label from India's regulatory body.

"FMC Corporation invests heavily in research and development to bring new innovations to farmers throughout India and around the world. We are deeply committed to ensuring farmers use genuine crop protection products from legitimate sources," said Michael Reilly, executive vice president, general counsel and secretary of FMC. "We will pursue all appropriate measures as permitted under Indian laws to aggressively defend FMC's intellectual property and safeguard farmers' interests."

For more than three decades, FMC has provided India proprietary insect, disease and weed control technologies to ensure that India's farmers have access to world-class product technologies, in support of the country's aspiration to be the world's leading agricultural producer. The company employs more than 600 people in India and operates six facilities throughout the country including an Innovation Center in Hyderabad.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically without compromising safety or the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn^® and Twitter^®.

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SOURCE FMC Corporation

FAQ

What is the recent development regarding FMC and NATCO Pharma?

FMC Corporation has obtained an interim injunction against NATCO Pharma from the Delhi High Court for patent infringement related to chlorantraniliprole.

When did FMC file the lawsuit against NATCO Pharma?

FMC filed the lawsuit in October 2019.

What is chlorantraniliprole and how is it used?

Chlorantraniliprole is an insect control active ingredient used in FMC's insecticides, Rynaxapyr®, Coragen®, and Ferterra®.

How does FMC's injunction affect farmers in India?

The injunction protects farmers from counterfeit products, ensuring they have access to legitimate crop protection solutions.

What is FMC's commitment to research and development in India?

FMC invests heavily in research and development to provide innovative agricultural solutions to farmers in India and worldwide.