SenesTech's ContraPest Registered For Use In Puerto Rico To Combat Rat Infestations
Portfolio Pulse from Benzinga Newsdesk
SenesTech, Inc. (NASDAQ:SNES) has announced that its ContraPest products are now registered for sale and use in Puerto Rico. ContraPest is an EPA-registered rat contraceptive that affects both male and female rats and is designed to fit into integrated pest management programs. The company is finalizing plans with a large agricultural firm in Puerto Rico to be its lead customer. SenesTech offers four fertility control products, including the Ultimate Bait System, Isolate Bait System, Elevate Bait System, and Evolve Soft Bait. The registration in Puerto Rico is expected to help combat the significant rat infestation problem on the island, which impacts the grain industry and poses public health risks.
December 04, 2023 | 2:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
SenesTech's ContraPest products are now registered for use in Puerto Rico, which could lead to increased sales and market penetration in the region. The company is also in talks with a large agricultural firm to become a lead customer.
The registration of ContraPest in Puerto Rico is a significant step for SenesTech, as it opens up a new market for the company's products. The mention of finalizing plans with a large agricultural firm as a lead customer suggests potential for significant sales growth. The impact on the stock price is likely to be positive in the short term as investors may react to the expansion news and potential revenue increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100