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ECOGEN SIGNS LICENSING AGREEMENT WITH WORLDWIDE LEADER IN INSECTICIDAL NEMATODE RESEARCH

 LANGHORNE, Pa., Jan. 4 /PRNewswire/ -- Ecogen Inc. (NASDAQ: EECN) today announced its wholly owned subsidiary, Ecogen Australia Pty Ltd. has established a cross-licensing agreement with the Commonwealth Scientific and Industrial Research Organization (CSIRO) of Australia. CSIRO's Division of Entomology is a worldwide leader in insecticidal nematode research.
 Under terms of the agreement, Ecogen will receive co-exclusive rights to patents which CSIRO holds in insecticidal nematode fermentation, formulation and production processes, and CSIRO will receive co-exclusive rights to patents which Ecogen Australia holds in insecticidal nematode formulation. Insecticidal nematodes are microscopic roundworms that seek out and attack insect larvae either in the ground or in plant stems. These nematodes are wholly 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, there is a substantial opportunity in the nematode based biopesticide market for Ecogen's products.
 Ecogen has been involved in nematode research since March of 1992 when it acquired the bioinsecticide business of Bioenterprises Pty Ltd. of Australia and created Ecogen Australia. The newly formed company develops and commercializes biopesticides utilizing nematodes. In addition to the cross-licensing agreement, Ecogen and CSIRO are entering into discussions to identify areas of potential R&D cooperation, including insecticidal nematodes and insect attractants and mating distruptants (pheromones).
 "This strategic alliance is the first step to a long-standing relationship between CSIRO and Ecogen. It is in line with our strategy to expand our presence in the international biopesticide market," said John L. McIntyre, vice president for Business Development and International Distribution of Ecogen. "Together we believe we can quickly commercialize nematode-based products. Nematode products produced using the licensed technology will be introduced in the U.S. in 1993."
 CSIRO's Division of Entomology, based in Canberra, is the largest scientific organization in Australia dedicated to the study of insects. Its mission is to conduct research on insects that could provide knowledge relevant to issues of economic and social importance to Australia.
 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) bioinsecticide for vegetables, and tree, nut and vine crops; Condor (R) bioinsecticide for vegetables, cotton, and soybeans; Foil (R) potato bioinsecticide; Otinem (R) bioinsecticide; and Collego (R) rice bioherbicide. The company recently expanded its product portfolio with the acquisition of Scentry, providing Ecogen with pheromone-based Bee- Scent(TM), Attract n Kill(TM), NoMate(R), and feeding stimulant-based Compel(R). The company is also developing products for corn, home/garden and ornamental use as well as biofungicides including products for the control of powdery mildew and post harvest rot diseases.
 (Cutlass, Condor, Foil, Collego, Otinem, Bee-Scent, Attract n Kill, NoMate and Compel are trademarks of Ecogen Inc.)
 -0- 1/4/93
 /CONTACT: John L. McIntyre, vice president - business development and international distribution of Ecogen, Inc., 215-757-1590; Donald C. Weinberger of Strategic Growth International, 212-826-9622; or Anthony J. Russo, Ph.D. of Noonan/Russo Communications, Inc., 212-979-9180, for Ecogen, Inc./
 (EECN)


CO: Ecogen Inc. ST: Pennsylvania IN: SU: LIC

AH-OS -- NY008 -- 1159 01/04/93 08:31 EST
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Date:Jan 4, 1993
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