Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 181

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 181
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 for the supply of castor seeds.
 
On June 25, 2024, Casterra announced the receipt of an additional purchase order valued at approximately $440 thousand.
 
During 2023, Casterra supplied approximately 90 tons of seeds. During 2024, Casterra supplied approximately 215 tons of seeds. Commencing in January 2025 and until the date of this Annual Report, Casterra supplied additional approximately 250 tons of seeds. This reflects solving the bottleneck in seed production Casterra previously faced, that caused a delay in the delivery schedule and consequent price adjustments.
 
Casterra is currently negotiating with ENI to supply additional approximately 234 tons of seeds, in lieu of expired previous orders from 2023.
 
Lavie Bio Licensing Agreement for Bio-Fungicides with Corteva Agriscience
 
On July 14, 2023, Lavie Bio entered into a licensing agreement with Corteva Inc. This agreement grants Corteva perpetual, exclusive rights (subject to reaching certain commercial milestones) to further develop and commercialize the lead bio-fungicide candidates targeting fruit rots and powdery mildew, which were discovered and developed by Lavie Bio. According to the agreement, Lavie Bio received an initial payment worth approximately $5 million in two installments (a first payment of $2.5 million was received during September 2023 and a second payment of $2.5 million was received on March 2024). In November 2024, Lavie Bio announced the cancellation of this licensing agreement with Corteva. Lavie Bio regained full rights and freedom to operate to the licensed technology and the lead bio-fungicide candidates.
Evogene Ag-Seed Division Awarded €1.2M Horizon Grant
 
 On May 9, 2023, Evogene announced that it has been granted an EU Horizon grant of €1.2 million, to support the creation of oil-seed crops that have high carbon-dioxide assimilation and enhanced drought tolerance. The project, Crop4Clima, has an overall budget of €2.5 million and is expected to be executed over 32 months. In May 2023, Evogene received a pre-financing payment of approximately €1.0 million, and in August 2024 Evogene received a second payment of approximately €0.1 million from the grant mentioned above. This grant follows the successful completion of the Future Agriculture Consortium's proof-of-concept in 2021, which demonstrated the potential for increased agricultural