The Full Story
Corteva Announces Haviza™ Active as Global Trademark for Newest Active Ingredient in its Pipeline
Novel Fungicide Expands Picolinamide Class of Actives Discovered by Corteva Agriscience; Will Provide South American Farmers Alternative for Controlling Asian Soybean Rust
WILMINGTON, Del., Feb. 10, 2022 — Corteva Agriscience today announces Haviza™ active as the brand name for the newest fungicide to come from its robust innovation pipeline. The active ingredient will offer South American farmers another tool for controlling Asian soybean rust and other fungal diseases. Corteva anticipates launching Haviza in Brazil, Argentina, Paraguay, and Bolivia beginning in 2027, pending applicable regulatory reviews.
Haviza is the third generation of the novel picolinamide fungicide discovered by Corteva, following Inatreq™ active, a naturally derived fungicide for controlling Septoria in cereals and bananas, and Adavelt™ active, a fungicide anticipated to launch next year, pending applicable regulatory approvals. Picolinamide fungicides are noted for their favorable regulatory, toxicological and environmental profiles.
“Haviza active demonstrates Corteva Agriscience’s commitment to bringing farmers innovative, sustainable, geographically diverse products from our robust pipeline,” said Susanne Wasson, President – Crop Protection Business Platform, Corteva Agriscience. “We are leveraging our discovery of picolinamides and their novel target-site-of-action to bring farmers another tool for managing potentially devastating soybean fungal diseases.”
Yield losses from Asian soybean rust can range from 10 to 80 percent in areas where the disease becomes established. Widespread disease could impact farmers throughout South America, as Brazil leads global soybean production, and Argentina, Paraguay and Bolivia rank in the top 10 for global production.
“Haviza active has demonstrated outstanding control against Asian soybean rust, making it a great addition to farmers’ existing disease management efforts,” said Alejandro Muñoz, President of Corteva Agriscience for Latin America. “Additionally, the Haviza brand will enable farmers to be confident that any products labeled with the mark possess the benefits of Corteva Agriscience’s exceptional research, development and testing.”
Haviza will be offered in mixtures primarily with fungicides containing Onmira™ active, providing market-leading control of Asian soybean rust and expanding control to key late-season diseases.
About Corteva Agriscience
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world’s most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.
Cautionary Statement About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva’s strategy for growth, cash flow, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures, and financial results, as well as expected benefits from, the separation of Corteva from DowDuPont, are forward-looking statements.
Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond Corteva’s control. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Corteva’s business, results of operations and financial condition. Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business.
Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva’s management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in Corteva’s Annual Report on Form 10-K, as modified by subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K.