Monsanto Company, St. Louis, and Devgen N.V., Ghent, Belgium, announce a research and development collaboration to develop varieties of crop plants with improved resistance against insect pests.Monsanto The Monsanto Company (NYSE: MON) is a multinational agricultural biotechnology corporation. It is the world's leading producer of the herbicide glyphosate, marketed as "Roundup". Company, St. Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. , and Devgen N.V., Ghent, Belgium, announce a research and development collaboration Working together on a project. See collaborative software. to develop varieties of crop plants with improved resistance against insect pests. The agreement creates new business opportunities for both companies. Monsanto obtains exclusive commercial rights under Devgen's technology to control specific categories of insect pests in three core crops. Devgen receives upfront technology access fees and research funding Research funding is a term generally covering any funding for scientific research, in the areas of both "hard" science and technology and social science. The term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and , and is eligible for research and commercial milestone payments and royalties on commercial products. Devgen retains all rights to develop and commercialize insect resistance in all other crops and other fields in pest and disease control. |
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