Futuragene and BioCentury Transgene Inks Agreement on Cotton Modification
January 29, 2010| |
Israel-based Futuragene PLC announced that it has entered into a licensing agreement with BioCentury Transgene Co., a leading Chinese seed producer, to provide cell wall modification and salt tolerance genes for development in cotton plants in China. BioCentury aims to develop cotton plants with improved and increased yield, fiber quality and salt tolerance characteristics. Under the terms of the agreement, FuturaGene and BioCentury will share revenues generated by sales of the newly developed cotton seeds. Futuragene has recently licensed its drought tolerance technology to Bayer CropScience for use in cotton worldwide.
The global cotton seed and trait market is valued at over USD 850 million annually with China constituting approximately 20 percent.
Read the press release at http://www.futuragene.com/License%20Agreement%20with%20BioCentury%20%20Transgene%20(China).pdf.
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