Bayer Adds Third License to Senesco's Gene Technology
September 21, 2007| |
Senesco Technologies, Inc. and Bayer CropScience entered into a licensing agreement, consequently to which Bayer CropScience was granted the exclusive and worldwide rights to Senesco’s proprietary gene technology for its use in rice. This is the third agreement for Bayer’s use of Senesco’s proprietary constructs after previous license agreements for the use of the technology in cotton and canola. The agreement anticipates that the licensed technology will enable Bayer CropScience to significantly enhance seed yields.
Dr. Michiel van Lookeren Campagne, Head of Research at BioScience, a business operations unit of Bayer CropScience, welcomes the expanded business relationship with Senesco: “Advantages in yield and yield stability have been the basis for the fast adoption of our superior hybrids. We anticipate that the further integration of Senesco’s proprietary gene technology 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://newsroom.bayercropscience.com/bayer/cropscience/cscms.nsf/id/20070918_EN?Open&ccm=400&L=EN&markedcolor
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