Ecogen Inc. said Tuesday that it has purchased the remaining19 percent of FRM Agricultural Sciences Partnership and afermentation plant from Yissum Research Development Co. ofthe Hebrew University in Jerusalem.
Ecogen (NASDAQ:EECN) now owns 100 percent of FASP, whichhas been renamed Ecogen Israel Partnership. EIP is developingbiopesticides, including hyperparasitic fungi that kill otherfungi, a yeast formulation to protect stored fruit from post-harvest rot, and a Pseudomonas bacterial biopesticide tocontrol nematodes. Shares of the Langhorne, Pa., company fell25 cents on Tuesday to $10.38.
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