20 May 2010 16:07 [Source: ICIS news]
The agreement would give growers around the world greater access to new traits and technologies from both companies, they said. Financial terms were not disclosed.
Under the deal, Dow AgroSciences would receive from Bayer CropScience a license to commercialise a glyphosate tolerant technology, called GlyTol, in its PhytoGen cottonseed varieties in the ?xml:namespace>
Dow would also have the option to license GlyTol in other countries once Bayer had obtained regulatory approvals in those jurisdictions, they said.
Bayer CropScience would, in turn, receive a license to commercialise Dow AgroSciences' WideStrike insect protection technology in
Bayer would also have an option to license WideStrike in other countries once Dow had obtained regulatory approvals for the technology in those jurisdictions, they said.
In addition, Dow AgroSciences had granted Bayer a license in the
In 2007, BASF and Monsanto entered into an agreement to research and develop high-yielding and drought-resistant crops, including stress-tolerant traits for cotton, among others.
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