FMC-backed Cheminova to acquire BioPhero from NOVO for $200m.

FMC-backed Cheminova, a Danish plant-protection company, agreed to acquire BioPhero, a company in sustainable agriculture technology, from NOVO, a life sciences investor, for $200m. "This acquisition demonstrates our continuing commitment to invest in biologicals and adjacent technologies, expanding our world-class portfolio while advancing sustainable agriculture," Mark Douglas, FMC president and chief executive officer.