Dow Chemical, Bayer agree to cross-license cotton technologies

20 May 2010 16:07  [Source: ICIS news]

TORONTO (ICIS news)--Dow Chemical and Bayer have agreed to globally cross-license the cotton technologies of their crop protection chemicals businesses, the companies said on Thursday.

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 US.

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 Brazil and other Latin American countries.

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 US on its glyphosate tolerant cotton patent, they added.

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.

For more on Dow, Bayer and other producers, visit ICIS company intelligence
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By: Stefan Baumgarten
+1 713 525 2653

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