Hyderabad, Dec. 8 -- Genome Valley-based ATGC Biotech, an innovator in pheromone and semiochemical based crop protection, on Monday, December 8, announced the formal establishment of Semiophore Ltd., a 50:50 partnership Indo-Israeli Joint Venture (JV) with Luxembourg Industries Ltd.

TheJV with the Israel-based company marks a first in terms of such partnerships, with the out-licensing of Indian semiochemical technology to Israel. Semiophore Ltd. will scale 18 advanced semiochemical and pheromone technologies, representing a multi-billion-dollar global market opportunity, said the companies in a press release.

"Semiophore and its JV Partner,to invest $ 10 million in registrations, marketing and upgrading its facilities. At full maturity,...