Biotech Updates

BASF Plant Science, University of Manitoba Ink Licensing Agreement

October 24, 2008

BASF Plant Science and the University of Manitoba have signed a licensing agreement on a promising gene discovery related to increased crop yields and stress tolerance. The discovery may be used in major food crops such as corn, soybeans, cotton, canola and rice. The ‘hardiness’ gene will be tested and validated in model plants by BASF Plant Science. Researchers at the University of Manitoba, on the other hand, will continue their research to deepen the understanding of the gene’s entire function. Financial terms of the agreement were not disclosed.

Read the press release at http://www.basf.com/corporate/news_2008/news_release_2008_00297.htm