Bayer, Monsanto Cross License Canola Traits
1 July 2009 According to a Bayer CropScience AG news release, the German company has signed an agreement with US-based Monsanto Company to cross license their respective herbicide tolerance traits in canola (a form of rapeseed primarily grown in North American and Australia) on a non-exclusive basis for commercialization within their respective branded canola seed businesses.
Under the terms of the agreement, Bayer will receive access to Monsanto’s Genuity Roundup Ready canola trait, and Monsanto will have access to Bayer’s LibertyLink tolerance trait for use in canola. Specified non-exclusive rights to access for future herbicide tolerance traits and other agronomic traits that either party may introduce for use in canola are also included under this agreement. Further details of the agreement were not disclosed.
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