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ECOGEN ACQUIRES ASSETS OF NEMATODE BIOPESTICIDE BUSINESS

 ECOGEN ACQUIRES ASSETS OF NEMATODE BIOPESTICIDE BUSINESS
 LANGHORNE, Pa., March 11 /PRNewswire/ -- Ecogen Inc. (NASDAQ: EECN) announced today that it has acquired the assets of the bioinsecticides business of Bioenterprises Pty Ltd of Glenorchy, Tasmania, Australia. Specific terms of the deal were not disclosed.
 Bioenterprises' bioinsecticide business has developed and commercialized biological insecticides that utilize microscopic roundworms (nematodes) that seek out and attack insect larvae in the ground, and may have activity against insects that bore into plants. These nematodes are purely insecticidal and do not feed on plants, leave chemical residues, or have an adverse effect on humans.
 "Since 90 percent of all insects live in soil during some part of their life cycle, we see a huge opportunity for nematode-based bioinsecticides," said John E. Davies, Ecogen's chairman and chief executive officer. "We believe the use of biopesticides for the control of insects in the soil complements Ecogen's Bacillus thuringiensis (Bt) bioinsecticides which are used primarily to control insects on plant foliage."
 Bioenterprises' nematode products which includes Otinem(TM) bioinsecticide, are currently sold in the United States, Australia and several European countries for control of a range of insect pests. In the United States, the Environmental Protection Agency (EPA) does not require registration of nematode products, so Ecogen anticipates that newly identified insecticidal nematode strains can be quickly commercialized.
 "This marks the second acquisition of biopesticide technology that Ecogen has recently made, the other being that of FRM Agricultural Sciences Partnership," said Davies. "This latest transaction not only gives us additional biopesticides, but more importantly it gives us access to a new, potentially far-reaching biopesticide technology."
 Ecogen Inc. is an agricultural biotechnology company specializing in biological pest control. Ecogen has developed and is marketing a number of novel and proprietary biopesticides including Cutlass(R) vegetable bioinsecticide, Foil(R) potato bioinsecticide, Condor(R) forestry and soybean bioinsecticide and Collego(R) rice bioherbicide. The company is also developing products for cotton, corn and home/garden use.
 (Cutlass, Condor, Foil and Collego are registered trademarks of Ecogen Inc.)
 -0- 3/11/92
 /CONTACT: John L. McIntyre, vice president of Ecogen, 215-757-1590, or Doug Jones of Strategic Growth International, 212-826-9622, or Anthony J. Russo of Noonan/Russo Communications, 212-979-9180, both for Ecogen/
 (EECN) CO: Ecogen, Inc. ST: Pennsylvania IN: SU: TNM


SM-OS -- NY014 -- 7210 03/11/92 09:31 EST
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Date:Mar 11, 1992
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