FMC Corporation secures first global registration for agricultural breakthrough, Dodhylex™ active

Rhea-AI Summary

FMC (NYSE: FMC) has achieved a significant milestone with the first global registration of Keenali™ herbicide, powered by Dodhylex™ active (tetflupyrolimet), in Peru. This breakthrough represents the first new herbicide mode of action in three decades, classified uniquely as a Group 28 herbicide by HRAC and WSSA.

The pre- and early post-emergence herbicide is specifically designed for rice crops, offering effective management of resistant grass weeds while ensuring crop safety. Peru's approval unlocks access to nearly 10% of Latin America's 4.5 million planted rice hectares, with commercial availability expected in August.

FMC has submitted regulatory applications in multiple countries including Brazil, Colombia, Ecuador, India, Japan, Malaysia, South Korea, Taiwan, and the United States. The company has already received conditional approval in the Philippines. The technology, developed at FMC's Stine Research Center, is being researched for use in additional crops including corn, soybean, sugarcane, and sunflower.

Positive

• First new herbicide mode of action approval in 30 years, demonstrating technological leadership
• Access to 10% of Latin America's 4.5M hectare rice market through Peru approval
• Expansion potential to multiple major crops (corn, soybean, sugarcane, sunflower)
• Multiple pending regulatory applications across key global markets

Negative

• initial market access (Peru only)
• Pending regulatory approvals in major markets create uncertainty
• Product launch to single crop (rice) initially

Peru approves Keenali™ herbicide, transforming rice weed management in high-growth Latin American market 

PHILADELPHIA, April 16, 2025 /PRNewswire/ -- 

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced it has received regulatory approval for Keenali™ herbicide powered by Dodhylex™ active (tetflupyrolimet) in Peru. The approval represents the first active ingredient and commercial product registration globally for this breakthrough herbicide technology. Dodhylex™ active is the first and only herbicide classified by the Herbicide Resistance Action Committee (HRAC) and the Weed Science Society of America (WSSA) as a Group 28 herbicide.

"This registration is a groundbreaking moment in agricultural innovation and the result of years of scientific leadership at FMC," said Ronaldo Pereira, president of FMC Corporation. "After three decades without a new herbicide mode of action in our industry, we've delivered a breakthrough that will change how growers combat resistant weeds. FMC continues to research the use of Dodhylex™ active in additional crops, including corn, soybean, sugarcane and sunflower, reinforcing our commitment to bringing solutions that address the most critical challenges facing modern agriculture."

Keenali™ herbicide is a pre- and early post-emergence herbicide with excellent crop safety and broad utility in Japonica and Indica rice. This new mode of action herbicide offers Peruvian rice growers an effective solution for managing yield-reducing and resistant grass weeds, including key grass weeds such as barnyardgrass (Echinochloa crus-galli) and saramollagrass (Ischaemum rugosum), without compromising crop safety. Keenali™ herbicide is expected to be commercially available to Peruvian growers in August.

"Peru represents an important market opportunity as one of Latin America's fastest-growing rice producers and one of the region's largest consumers of milled rice," said Juan Ortiz, vice president of FMC Latin America, excluding Brazil. "With over 4.5 million planted hectares of rice across Latin America, this approval unlocks nearly 10% of those hectares, demonstrating the significant regional market potential for this product and positioning FMC at the forefront in an important growth region."

FMC has submitted regulatory applications for Dodhylex™ active in other Latin American countries, including Brazil, Colombia and Ecuador, with plans for additional country submissions in the coming year. Regulatory applications have also been submitted in India, Japan, Malaysia, South Korea, Taiwan and the United States. FMC received a conditional approval in the Philippines for Keenali™ herbicide earlier this year.

Dodhylex™ active, which was discovered and developed at FMC's Stine Research Center, is a testament to FMC's commitment to innovation and disciplined approach to advancing new molecules that help combat resistance and support food security for a growing population.

For more information about Dodhylex™ active, please visit www.fmc.com/dodhylexactive.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment. FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn^®.

Dodhylex and Keenali are trademarks of FMC Corporation and/or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:  FMC and its representatives may from time to time make written or oral statements that are "forward-looking" and provide other than historical information, including statements contained in this press release, in FMC's other filings with the SEC, and in presentations, reports or letters to FMC stockholders.

In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (the "2024 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2024 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.  Forward-looking statements are qualified in their entirety by the above cautionary statement.

We specifically decline to undertake any obligation, and specifically disclaims any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.

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SOURCE FMC Corporation

FAQ

What is the significance of FMC's Dodhylex active registration in Peru?

It's the first global registration for this breakthrough herbicide technology, representing the first new herbicide mode of action in 30 years, classified as Group 28 herbicide.

When will FMC's Keenali herbicide be available to Peruvian farmers?

Keenali herbicide is expected to be commercially available to Peruvian growers in August.

Which markets has FMC submitted Dodhylex active regulatory applications to?

FMC has submitted applications in Brazil, Colombia, Ecuador, India, Japan, Malaysia, South Korea, Taiwan, and the United States, with Philippines already granting conditional approval.

What crops is FMC researching for Dodhylex active application?

Beyond rice, FMC is researching Dodhylex active's use in corn, soybean, sugarcane, and sunflower crops.