FMC Corporation Gets Pre-Su – GuruFocus.com
PHILADELPHIA CREAM, May 10, 2022 /PRNewswire/ —
FMC Corporation (NYSE: FMC), one of the world’s leading agricultural science companies, announced the establishment of the Ningbo Intermediate People’s Court in zhejiang province, China, granted FMC Agro Singapore Pte. Ltd a preliminary pre-trial injunction to stop infringement of a patent on chlorantraniliprole. Chlorantraniliprole is the primary insecticidal ingredient in FMC under the brand name Rynaxypyr® active.
The pre-trial preliminary injunction prevents Zhejiang Yongtai Technology Co. Ltd. (“Yongtai Technology”) to engage in any activity offering to sell chlorantraniliprole until FMC’s patent expires, including doing so at trade shows.
“We are satisfied with the Court’s decision, which reflects its understanding of the urgency of this case and its impact on the crop protection market in China,” said Michael Reilly, Executive Vice President, General Counsel and Secretary of FMC. “The principles laid down by the Court are also important for future infringement actions, as this is one of the very few cases anywhere in the world. China where a lower court granted a pre-trial injunction under Chinese patent law and standards set by the Chinese Supreme Court. The Ningbo Intermediate People’s Court determined that Yongtai Technology’s acts of infringement violated Chinese patent law and created an urgent need for relief to protect FMC’s patent rights. »
For nearly four decades, FMC has provided proprietary insect, disease and weed control technologies to ensure Chinese farmers have access to world-class product technologies. The company employs more than 600 people in Chinawhere it operates a world-class innovation center in Shanghai and two manufacturing plants in Shanghai and Jiangsu.
“Our intellectual property rights are an essential tool to drive innovation and further investment in China’s crop protection market,” said Pramod ThotaActing President of FMC Asia Pacific Region and President of FMC UNITED STATES “This decision reinforces the value of our commitment to bringing innovative, high-quality crop protection solutions to growers. China and all over the world.”
FMC Corporation is a global agricultural science company dedicated to helping growers produce food, feed, fiber and fuel for a growing global population while adapting to a changing environment. FMC’s innovative crop protection solutions – including organics, crop nutrition, digital and precision agriculture – enable growers, crop advisors and turf and pest management professionals to meet their toughest challenges economically while protecting the environment. With approximately 6,400 employees in more than 100 locations worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are always better for the planet. Visit fmc.com to learn more and follow us on LinkedIn® and Twitter®.
Rynaxypyr is a trademark of FMC Corporation or an affiliate. Always read and follow all label directions, restrictions and precautions. Products listed may not be registered for sale or use in all states, countries or jurisdictions.
Statement Under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management’s current beliefs and assumptions regarding future events, future business conditions and the company’s outlook based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among others, the risk factors and other cautionary statements included in FMC’s 2021 Form 10K filed with the SEC as well as other SEC filings and public disclosures. FMC cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any obligation, to update or revise forward-looking statements to reflect events or circumstances occurring after the date on which they were made, except as otherwise required by law.
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SOURCE FMC Corporation