BASF resolves fipronil patent infringement case in Australia
BASF, the world’s leading chemical company, has resolved court proceedings against Imtrade Australia Pty Ltd which included allegations of infringement of one of BASF's Australian patents relating to processes for the manufacture of fipronil. Imtrade gave undertakings to the Federal Court of Australia that it would not infringe BASF’s rights in that patent and would refrain from selling or marketing any products containing fipronil that infringed BASF's rights in that patent, for as long as the Australian Patent remains in force.
Fipronil is the active ingredient in BASF products including Adonis®, Regent®, Termidor® and Cosmos®, whose key applications provide effective solutions against devastating insect pests in crops such as cotton, vegetables, bananas and mushrooms, and for the protection of industrial and residential property against termites.
"Particularly in the dynamic field of agriculture, continuous investment in research and development is essential to be able to offer the best, most suitable products that reflect the needs of growers in the field – products that allow them to remain competitive and maintain a viable, sustainable business,” said Tony Moskal, Business Director for Crop Protection, BASF Australia and New Zealand.
“Introducing a new active ingredient to the market requires approximately €250 million in investment and about 10 years’ time. To be able to continue such substantial investment in the future of agriculture, we must protect our innovations to the fullest of our capabilities.”
To this end, BASF is working to enforce its intellectual property rights and is working closely with all governing authorities to ensure that only the highest quality ingredients are present in Australia’s top brands and formulations.
“This court case demonstrates BASF’s resolve to protect our intellectual property rights. BASF will pursue any and all entities which we believe are in violation of these patents,” explained Moskal.
In 2012, BASF invested about €430 million in Crop Protection research and development and another €150 million in Plant Biotechnology. These investments are part of the company’s overall commitment to growers, agriculture and food security.
About BASF’s Crop Protection division
With sales of around €4.7 billion in 2012, BASF’s Crop Protection division provides innovative solutions in crop protection, turf and ornamental plants, pest control and public health. Its portfolio also includes technologies for seed treatment and biological control as well as solutions to manage water, nutrients and plant stress. BASF’s Crop Protection division is a leading innovator that supports growers to optimize agricultural production, improve their business efficiency and enhance the quality of life for a growing world population. Further information can be found on the web at www.agro.basf.com or follow us on our social media channels.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.