Syngenta, Basel, Switzerland, and Diversa, San Diego, announce a collaboration to establish a shared biotechnology research platform and to discover products. (At Closing News).Syngenta, Basel, Switzerland, and Diversa, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , announce a collaboration to establish a shared biotechnology research platform and to discover products. Under the agreement, Diversa will acquire certain technology rights from Syngenta in exchange for equity in the company. As part of the alliance, the companies will combine their research activities in genomics and related technologies for new plant science applications, along with other biopharmaceutical developments. Sygenta will enter into a renewable research contract with Diversa for an initial commitment of $118 million over seven years; Diversa will receive milestone payments and royalties on products developed. Syngenta will also relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its plant genomics program from the Torrey Mesa Research Institute, La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif., to Syngenta Biotechnology Inc., Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. The transaction is expected to be completed early in 2003. |
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