NAMA Shortcuts
Member Directory
Best of NAMA 2014
Upcoming Events
Chapters
Agri-Marketing Conf
More NAMA












BAYER CROPSCIENCE, MONSANTO ENTER INTO CROSS-LICENSING AGREEMENTS
Source: Bayer CropScience and Monsanto Company joint news release

Bayer CropScience and Monsanto Company (NYSE: MON) have entered into a series of licensing agreements for next-generation and enabling technologies in the field of plant biotechnology that will provide new options and choices for farmers.

Monsanto will provide Bayer CropScience with a royalty-bearing license to Genuity® Roundup Ready 2 Yield® and Genuity® Roundup Ready 2 Xtend™ technology in soybeans in the United States and Canada.

Bayer CropScience also will receive a royalty-bearing license to Intacta RR2 PRO™ in soybeans in Brazil with an option to a royalty-bearing license in other Latin-American countries in the future. Bayer CropScience has also been granted stacking-rights under certain conditions.

Under the agreements, Bayer CropScience will grant Monsanto licenses to evaluate enabling technologies for corn rootworm control and herbicide tolerance as options for Monsanto's future pipeline development work.

"We are excited that with the combined technologies from both companies, we will be able to offer farmers additional pest control options and an all-inclusive weed resistance package in soybeans. These will fit nicely with our own technology such as LibertyLink™," said Rudiger Scheitza, member of the board of management of Bayer CropScience and head of strategy and business management.

"We're also pleased to give Monsanto access to evaluate enabling next-generation weed control and insect technologies for potential support of future pipeline developments."

"We're pleased we have been able to reach an agreement with Bayer CropScience, which will offer increased benefits for farmers and foster continued choice and innovation in our industry," said Brett Begemann, Monsanto president and chief commercial officer.

"This agreement further supports the value of our Genuity® Roundup Ready 2 Yield® platform as we prepare to enter the next phase of innovation in soybeans with the addition of Intacta RR2 PRO™ and Genuity® Roundup Ready 2 Xtend™."

Additional terms and financial details of the agreements were not disclosed.


Search News & Articles




















Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © Copyright 2014, Henderson Communications LLC. | User Agreement