As if they don't have enough of the market already after the acquisition of Delta Pine and Land. We'll be renaming the planet Monsanto in a couple of generations at this rate.
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original-houstonchronicleMonsanto Announces Two PartnershipsBy CHRISTOPHER LEONARD AP Business Writer
© 2007 The Associated Press
ST. LOUIS — Monsanto Co. announced two partnerships Wednesday to develop and license new genetically engineered crops.
The world's biggest seed company said it formed a long-term licensing agreement with rival Bayer CropScience, a division of Germany-based Bayer AG.
The companies said they will share technology for pest-resistant and herbicide-resistant seeds.
Bayer CropScience said it will grant St. Louis-based Monsanto a royalty bearing, non-exclusive license for its LibertyLink herbicide-resistant corn and soybean seeds.
The companies also amended Monsanto's existing non-exclusive, royalty-bearing license to use Bayer CropScience's Dual Bt technology, which makes plants resistant to pests.
The companies did not disclose details of the licensing agreements.
The deal could help Bayer CropScience broaden the use of its patented genetic traits by gaining access to Monsanto's broad line of engineered seeds, said Friedrich Berschauer, chairman of the Board of Management of Bayer CropScience.
"These agreements are an important step for Bayer CropScience as they could significantly broaden the availability of our LibertyLink technology outside our core cotton and canola seed business," Berschauer said.
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