Advanta and Arcadia Team Up to Develop Salinity-Tolerant Sorghum
April 17, 2009| |
California-based Arcadia Bioscience Inc and Advanta, a multinational seed company, have reached a research and commercial agreement for the development of salinity-tolerant sorghum varieties. Under terms of the agreement, Advanta receives exclusive global rights to the use of Arcadia's salt tolerance technology in sorghum. Arcadia receives an upfront payment, milestone payments and a share of commercial sales revenue. The companies reached a similar agreement earlier this year for the development of nitrogen use efficient sorghum. According to Arcadia, their salt tolerance technology allows plants to produce normal yields and quality under salty water and soil conditions, expanding the range of lands available for crop production and reducing requirements for fresh water.
Read the press release at http://www.advantaindia.com/sorghum.pdf for more information.
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