Bayer CropScience and Evogene Partner in Crop Yield Improvement
June 22, 2007| |
Evogene Ltd and Bayer CropScience announced recently their new partnership aimed at increasing the productivity and yield of a Bayer CropScience core crop, especially with regard to stress conditions such as drought. Bayer CropScience has exclusively licensed the rights to certain genes discovered by Evogene which have demonstrated improved plant yield and other performance enhancements in various plant species. Evogene is to receive an initial fee, success-based milestone payments and royalties on sales.
Dr. Michiel van Lookeren Campagne, Head of Research at BioScience at Bayer CropScience, welcomes the new business relationship with Evogene. “Advantages in yield and yield stability have been the basis for the fast adoption of our superior hybrids. The integration of these discovered genes into our R&D pipeline can allow us to offer further benefits to our customers, especially with regard to ensuring high yields in difficult climatic conditions.”
Read the press release at http://www.bayercropscience.com/bayer/cropscience/cscms.nsf/id/20070618?open&ccm=400.
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