Corteva, Inc. (CTVA) Inks Multi-Million Dollar Pact for Crop Protection Solutions

Corteva Inc. (NYSE:CTVA) is one of the best fertilizer stocks to invest in. On December 16, the company confirmed a multi-million-dollar joint venture with Hexagon Bio to accelerate the development of new crop protection solutions inspired by nature. The two are joining forces to develop transformative therapies for patients while also delivering new modes of action for global agriculture.

The partnership is to bring together Corteva’s billion-dollar nature-inspired crop protection franchises and bacterial natural product discovery capabilities with Hexagon Bio’s natural product discovery platform. The platform combines microbial genetics, artificial intelligence, chemistry, and synthetic biology to identify and characterize novel natural products, uncovering diverse mechanisms.

“Our partnership with Hexagon Bio expands our discovery engine, taking our crop protection innovation to the next level,” said Sam Eathington, chief technology and digital officer for Corteva. “As demand for nature-inspired solutions continues to grow, this collaboration allows us to move faster and think bigger to provide farmers with the latest options in effective and sustainable tools.”

On December 19, Citi analyst Patrick Cunningham reaffirmed a Hold rating on Corteva and set a $70 price target. Earlier, on December 4, analysts at Jefferies reiterated a Buy rating on Corteva and set an $85 price target. The bullish stance follows the European Union’s provisional agreement on new genomic techniques (NGTs). The research firm expects a new regulatory framework to accelerate product launches to 5 times the rate of GMO technologies at just 30% of the research and development intensity.

Corteva, Inc. (NYSE:CTVA) is a global pure-play agriculture company that provides farmers with innovative seed, crop protection (herbicides, insecticides, fungicides, seed treatments), and digital solutions to boost productivity, manage pests and weeds, and improve yields sustainably. Its innovations: such as nitrogen stabilizers, phosphorus‑unlocking microbes, and nutrient‑guidance platforms, help farmers boost yields, improve soil health, and reduce fertilizer use.

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Disclosure: None. This article is originally published at Insider Monkey.