Monsanto to License Soybean Technologies in Brazil to Dupont
28 Jun 2016 --- Monsanto is to license one of its next-generation soybean technologies aimed at helping farmers protect against pests and grow yields in Brazil to US chemical giant DuPont.
The licensing deal involves Monsanto's Intacta RR2 PRO soybeans, which are aimed at increasing yields and protection against major pests that attack soybeans and tolerance to glyphosate herbicide.
The licensing deal will involve royalty payments made to Monsanto, though no particular financial details have been 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.”
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