Friday, April 12, 2013

Just in


Dow AgroSciences, Monsanto Announce Cross-License
Soda Springs--Monsanto Company and Dow AgroSciences have reached new cross-licensing agreements for creation of the next generation of advanced weed and insect control technology in corn. 

Monsanto will license Dow AgroSciences’ new Enlist Weed Control System herbicide-tolerant trait for use in field corn. Dow AgroSciences will license Monsanto’s third-generation corn rootworm technology, Corn Rootworm III, which is presently under development by Monsanto and offers a new mode of action for rootworm control. 

The agreement paves the way for introduction (pending regulatory approvals) of next-generation products that build off the current SmartStax platform, which includes Dow’s Herculex and Monsanto’s insect resistance and herbicide-tolerance traits. Financial terms of the agreement were not disclosed.

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