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11th February 2019

Acceleris-backed Redag sale generates return for angels

Acceleris Capital investment Redag Crop Protection Ltd, a UK agrochemical discovery company, has sold its discovery and early development division to Globachem NV, retaining the lead assets for continued development to commercialisation.

With this new acquisition, Globachem continues its already fast-growing development. Globachem Discovery Ltd, the new name of the acquired company, will enhance and strengthen Globachem Group capabilities in Research and Development.

The partial sale will allow Redag to focus on the development of the two lead assets, a broad spectrum herbicide and a potato blight fungicide with a view to licensing them once further field trials and data packages have been created.

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