Monsanto to Use Evogene Genes in Five-Year Collaboration
August 29, 2008| |
Monsanto Company and Israel based Evogene Ltd. announced that they have entered into a five research and development collaboration focused on identifying key plant genes related to yield, environmental stress and fertilizer utilization. Evogene will use computer-based tools to identify candidate genes involved in fertilizer utilization and environmental stress adaptation. These genes in turn, will be validated and tested in model plants by Monsanto. Under the terms of agreement, Evogene is expected to receive about US $35 million over the five-year collaboration through a combination of upfront payments and annual research payments. Monsanto will receive exclusive licensing rights to the genes identified in a number of crops, including corn, soybean, canola and cotton.
Read the press release at http://monsanto.mediaroom.com/index.php?s=43&item=632
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