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- SenesTech soared as much as 173% on Friday after it said its ContraPest demonstrated success in agricultural deployments.
- The pest control solution reduced rat populations by as much as 90% in farm settings, according to the company.
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Shares of SenesTech soared as much as 173% on Friday after the company concluded that its pest control solution demonstrated success in two agricultural deployments.
ContraPest, which is a bait system designed to reduce rat populations in agricultural settings, saw positive results within six months of deployment, according to the company.
A west coast poultry farm saw a 90% reduction in rat populations within 12 months of utilizing ContraPest, while an east coast poultry farm saw an 88% improvement in pullet survival after reducing the population of rodents with ContraPest, the company said.
Rodent populations can be a costly nuisance for farmers, as they can spread disease to livestock and destroy costly grain feed.
"While these results were from deployments at poultry facilities, the results are immediately applicable to many other agricultural situations," CEO Ken Siegel said.
ContraPest utilizes an approach that targets the reproductive capabilities of both sexes in rat populations, inducing egg loss in female rats and impairing sperm development in males.
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