Bayer CropScience and Monsanto Enter Long-Term Business and License Agreements

Bayer CropScience AG and Monsanto Company, two of the leading agro-companies worldwide, have entered into a series of long-term business and licensing agreements. Among these, Bayer CropScience will grant Monsanto a royalty bearing, non-exclusive license for its LibertyLink® herbicide tolerance technology for use in corn and soybeans, the two largest field crops in terms of acreage in the United States.

The agreements provide Monsanto with an option to market corn and soybean seeds which contain both Monsanto’s Roundup Ready® and Bayer CropScience’s LibertyLink® technologies. Monsanto and Bayer CropScience also amended certain existing agreements in the area of herbicide tolerance to provide each other more favorable terms. In addition, the companies amended other agreements related to insect-protection technologies, including Monsanto’s existing non-exclusive, royalty-bearing license for use of Bayer CropScience’s Dual Bt technology.

As part of the agreements, Monsanto and Bayer CropScience cross-licensed each other under their respective patent estates for RNAi technology, an important enabling technology for the development of new agricultural products.

Read the full news at: http://www.bayercropscience.com/bayer/cropscience/cscms.nsf/id/20070620?Open
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