Bayer AG And Monsanto Co. Enter Into Licensing Agreement-DJ

Tuesday, 16 Apr 2013 09:35am EDT 

Dow Jones reported that Bayer AG said its CropScience unit and Monsanto Co. have entered into a series of licensing agreements for next-generation and enabling technologies in plant biotechnology. Monsanto Co. will provide Bayer AG’s CropScience with a royalty-bearing license to technology in some soybeans in the United States and Canada. CropScience will also receive a royalty-bearing license regarding soybeans in Brazil with an option to a royalty-bearing license in other Latin-American countries in the future. CropScience has also been granted stacking-rights under certain conditions and it will grant Monsanto licenses to evaluate enabling technologies for corn rootworm control and herbicide tolerance. Financial details were not disclosed. 

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