* Deal worth 20 mln eur
* Extends research, technology deal signed in 2007
BRUSSELS, April 24 Belgian biotech group Devgen
DEVG.BR said it received 20 million euros ($26.34 million)
from Monsanto (MON.N), the world's biggest seed company, after
agreeing to expand Monsanto's rights to Devgen technology.
The deal bolsters the research and technology agreement
Monsanto and Devgen inked in 2007, but allows Monsanto broader
access to Devgen's technology, Devgen said in a statement on
"This agreement strengthens our cash position without
affecting Devgen's rights in its crops of interest and
reinforces Devgen's ability to execute its downstream trait and
seed business plan," said Devgen Chief Executive Thierry Bogaert
in a statement.
Devgen did not disclose additional details of the updated
(Reporting by Anne Jolis; editing by Simon Jessop)