Bayer, Monsanto Partner On Enabling Technologies
21 June 2007 The series of long-term business and licensing agreements will include Bayer granting Monsanto a royalty bearing, non-exclusive license for its LibertyLink herbicide tolerance technology for corn and soybeans. The agreements provide Monsanto with an option to market corn and soybean seeds which contain both Monsanto’s Roundup Ready and Bayer CropScience’s LibertyLink technologies, which could provide farmers with additional weed management solutions. Monsanto and Bayer also amended certain existing agreements in the area of herbicide tolerance to provide each other more favorable terms.
In the area of insect resistance, the two companies have also entered into a royalty-bearing agreement giving Bayer rights under certain Monsanto intellectual property. In addition, the companies amended other agreements related to insect-protection technologies, including Monsanto’s existing non-exclusive, royalty-bearing license for use of Bayer’s Dual Bacillus thuringiensis (Bt) technology. This allows Monsanto to commercialize products with multiple insect resistance genes with different modes of action.
Monsanto and Bayer will also cross-licensed each other under their respective patent estates for RNAi technology, an important enabling technology for the development of new agricultural products.
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