Divergence, Monsanto to Develop Nematode-Resistant Soybeans
January 12, 2007| |
Monsanto Company and Divergence, Inc. have extended for another year their on-going collaboration agreement to develop nematode-resistant soybeans. During the past two years, the companies have made notable progress in controlling the damage inflicted by the soybean cyst nematode, which attacks roots of soybeans during the growing season.
As part of the collaboration, Monsanto gained exclusive rights to Divergence's existing technology in this area and provided funding for ongoing research by Divergence. Divergence has received milestone payments under the collaboration based on research and development successes and will receive royalties once applicable products reach the marketplace.
Read the press release at http://www.divergence.com/press/20070109.htm
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