Vestaron Corporation Market Research Report
Company Overview
Company Details
- Name: Vestaron Corporation
- Mission: To lead a revolution in crop protection with new peptide technology that combines the efficacy of synthetic insecticides with the safety and sustainability of biologicals.
- Founded: 2005 by Professor Glenn King and a University of Connecticut R&D company (initially as Venomix).
- Juan Estupinan: CEO and President, CFO
- Robert M. Kennedy: Chief Scientific Officer
- Dawn de los Santos: Chief People Officer
- Ben Cicora: SVP, Sales & Marketing
- Jason Noel: SVP, Operations
- Ben Barnhill: VP, Finance
- Steve Betz: VP, Communications
- Dawn Calibeo: VP, Field Development
- Matt Orr: VP, Regulatory Affairs
- Headquarters: Durham, North Carolina
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Development of peptide-based insecticides derived from spider venom and other venomous species, targeting pests while being safe for pollinators, beneficials, and the environment.
Recognition and Awards
- European Bee Award for Innovative and Technological Solutions
- Reuters Responsible Business Award for Product Innovation
- United Nations Global Compact membership
- Certified as a Great Place to Work®
- Leading Harvest as Program Supporter
- 2021 Crop Science Award for Best New Biological Product (SPEAR® LEP)
- 2020 EPA Green Challenge Chemistry Award
- 2020 THRIVE Top 50 Growth-Stage Company
- 2020 Global Cleantech 100
Products
Product Portfolio
- Description: Peptide-based insecticide for tree nuts, fruits, vegetables, and specialty crops, targeting lepidopteran pests.
- New IRAC Group 32 (resistance management)
- Specific to lepidopteran larvae
- Friendly for pollinators and beneficials
- Description: Insecticide for broad acre row crops such as soybean, rice, and cotton, targeting lepidopteran pests.
- Specific to lepidopteran larvae
- Friendly for pollinators and beneficials
- SPEAR® T Liquid Concentrate
- Description: Insecticide for greenhouse pests like aphids, spider mites, thrips, and whiteflies.
- Specific to greenhouse pests
- Description: Btk biological insecticide for a wide range of crops.
- Description: Liquid formulation insecticide enhancing other MOA products targeting lepidopteran pests.
Recent Developments
New Product Launches and Approvals
- BASIN™ Flex Insecticide: Upcoming release targeting new modes of action to effectively combat pests.
New Features and Product Enhancements
- Improved resistance management through new IRAC Group 32 for several products.
Strategic Partnerships and Programs
- Bee Friendly Farming Program: $30,000 commitment to promote bee health.
- Leading Harvest: Program supporter for sustainability in agriculture.
- United Nations Global Compact: Commitment to sustainability goals aligned with UN principles.
Awards and Recognitions
- European Bee Award 2024: First US company awarded for innovative technology protecting bees.
- Reuters Responsible Business Award 2023: Highly commended for product innovation.
- Great Place to Work® Certification: Recognition of outstanding employee experience.
- Leadership Team Development: Appointment of Juan Estupinan as CEO and President in 2024.
Research and Industry Insights
- Field Studies: Extensive trials demonstrating efficacy comparable to conventional insecticides.
- Emergency Use Authorizations: SPEAR® LEP received emergency use authorizations in Greece for tomato leafminer control.
- Industry Contributions: Advocacy for rethinking pesticide classifications in Europe.
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