Arcadia and MAHYCO Entered Licensing Agreement
April 18, 2008| |
California-based Arcadia Biosciences Inc. and Maharashtra Hybrid Seed Company Ltd. (MAHYCO), one of India’s largest seed companies, have entered into a multi-crop, multi technology research and commercial license agreement that focuses on India and other South Asian countries. Under the agreement, MAHYCO will have access to Arcadia’s nitrogen use efficiency (NUE) and salt tolerance technologies for improvement of several key crops in the region.
“The need for South Asian farmers to produce more food to keep pace with population growth will continue to put pressure on local fresh water resources to irrigate crops and increase the need for nitrogen fertilizer”, said Eric Rey, CEO of Arcadia Biosciences. MAHYCO’s Usha Zehr pointed out that crops that use less fertilizer and can adapt to adverse environmental conditions will be needed by Indian farmers to increase agricultural productivity.
The press release is available at http://www.arcadiabio.com/media/pr/0024.pdf
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