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DuPont and Monsanto reach technology licensing agreement in Brazil
Jun. 28, 2016
Monsanto Company
United StatesFollow
United States
Pioneer United StatesFollow
United StatesDuPont and Monsanto Company announced recently a new licensing agreement for one of Monsanto’s next-generation soybean technologies that will provide an additional choice for farmers. Under the terms of the agreement, DuPont Pioneer will receive a royalty-bearing license to Intacta RR2 PRO™ technology in Brazil. The license is subject to customary review and prior approval by Brazilian regulatory authorities. Additional terms and financial details of the agreement were not disclosed.
“DuPont Pioneer looks forward to bringing the Intacta insect technology together with leading soybean genetics to Brazilian growers as early as the 2017 selling season,” said Alejandro Muñoz, DuPont Pioneer vice president, Global Commercial Business. “The combination of technology, genetics, and DuPont™ Dermacor® seed treatment will help advance the productivity of soybean growers while providing enhanced insect control and strengthening their integrated pest management practices.”
“We’re pleased we have been able to reach an agreement with DuPont for Intacta RR2 PRO™ technology in Brazil,” said Mike Frank, Monsanto vice president, chief commercial officer. “This agreement further endorses the value of our Intacta RR2 PRO™ platform, which has achieved rapid grower adoption and is providing an important new choice in insect control and convenience to growers in South America.”
Intacta RR2 PRO™ soybeans have become one of the cornerstone products in Monsanto's next-generation soybean platform, offering three distinct benefits for growers – increased yield potential, protection against major pests that attack soybeans and tolerance to glyphosate herbicide.
Source: Monsanto news release
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