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(“MustGrow”) and Janssen PMP, a division of Janssen Pharmaceutica NV, a Johnson & Johnson Company, signed an exclusive evaluation and option agreement (“Agreement”) to Testing and development of MustGrow 's mustard -based biotechnology for the preservation of selected post-harvest foods worldwide
.
Under the agreement, MustGrow has granted Janssen PMP the exclusive right to globally test MustGrow's mustard-based technology for post-harvest storage of fruits and vegetables , excluding grain, potatoes, bananas and shipping container fumigation
.
The agreement also stipulates that the Janssen PMP will fund and drive all application testing and development efforts
.
.
The agreement also stipulates that the Janssen PMP will fund and drive all application testing and development efforts
.
Fruit and vegetable crops play a key role in whole food nutrition
.
More than one-third of agricultural products (about $1 trillion) are lost or wasted in post-harvest operations, including losses due to fungal and bacterial diseases
.
Fresh vegetables are highly perishable living tissues and are particularly susceptible
.
Post-harvest fungal and bacterial diseases can cause 40-60% of vegetable crop losses each year
.
Reducing post-harvest losses could substantially increase food availability, alleviating pressures from growing food supply shortages and inflationary pressures on global food prices
.
In addition, food production is more environmentally sustainable due to reduced waste
.
.
More than one-third of agricultural products (about $1 trillion) are lost or wasted in post-harvest operations, including losses due to fungal and bacterial diseases
.
Fresh vegetables are highly perishable living tissues and are particularly susceptible
.
Post-harvest fungal and bacterial diseases can cause 40-60% of vegetable crop losses each year
.
Reducing post-harvest losses could substantially increase food availability, alleviating pressures from growing food supply shortages and inflationary pressures on global food prices
.
In addition, food production is more environmentally sustainable due to reduced waste
.
“The use of effective natural volatiles such as MustGrow’s mustard-based technology to control post-harvest pathogens has the potential to be an important direction for market development
.
To reduce waste and support local and international trade in fresh produce, rot control remains a priority for many fruits and vegetables globally.
Vegetables have to work,” says Geoffroy de Chabot-Tramecourt, Director of Research and Development and Business Development at Janssen PMP
.
.
To reduce waste and support local and international trade in fresh produce, rot control remains a priority for many fruits and vegetables globally.
Vegetables have to work,” says Geoffroy de Chabot-Tramecourt, Director of Research and Development and Business Development at Janssen PMP
.
“Food preservation is a critical global issue
.
We believe that applying our technology to post-harvest processing of fruits and vegetables can help ensure that food is served in an environmentally sustainable and waste-reducing manner
.
We are very excited to be associated with a market that has been involved for over 50 years.
Experienced Janssen PMP collaboration
.
We look forward to working together to advance our technology in both R&D and potential commercial applications, which will help drive our strategy forward,” said Corey Giasson, CEO of MustGrow
.
.
We believe that applying our technology to post-harvest processing of fruits and vegetables can help ensure that food is served in an environmentally sustainable and waste-reducing manner
.
We are very excited to be associated with a market that has been involved for over 50 years.
Experienced Janssen PMP collaboration
.
We look forward to working together to advance our technology in both R&D and potential commercial applications, which will help drive our strategy forward,” said Corey Giasson, CEO of MustGrow
.
Concurrent with this agreement, MustGrow and its existing partners will continue to conduct field trials, R&D and regulatory follow-up with leading agricultural companies for post-harvest food preservation applications in other market segments
.
These leading agricultural companies include, but are not limited to, Bayer (potato storage) for Europe, Asia Pacific, Middle East and Africa and Sumitomo Corporation (potato and banana storage) for the Americas
.
.
These leading agricultural companies include, but are not limited to, Bayer (potato storage) for Europe, Asia Pacific, Middle East and Africa and Sumitomo Corporation (potato and banana storage) for the Americas
.
