PDF / 60 KB 
collectBayerNews_20090629_0271_en.pdf BayerNews_20090629_0271_en.pdf
Monheim, Germany / St. Louis, USA, June 29, 2009 - Bayer CropScience AG and
Monsanto Company have agreed to cross license their respective herbicide
tolerance traits in rapeseed/canola on a non-exclusive basis for
commercialization within their respective branded canola seed businesses.
Canola is a form of rapeseed primarily grown in North America and Australia.
Under the terms of this global agreement, Monsanto will grant Bayer CropScience
access to Monsanto's GenuityTM Roundup Ready® canola trait and Bayer CropScience
will grant Monsanto access to its LibertyLink® tolerance trait for use in
canola. The agreement also includes specified rights to access, on a
non-exclusive basis, future herbicide tolerance traits and other agronomic
traits that may be introduced by either party for use in canola. Further
details of the agreement were not disclosed.
"Bayer looks forward to providing canola growers with greater choice and
flexibility in the future," said Dr. Joachim Schneider, Head of the BioScience
Business Unit at Bayer CropScience. "LibertyLink® and GenuityTM Roundup Ready®
are the two leading weed control systems available in the marketplace today and
growers will be able to choose our seed with either system, or even both, in
around three to four years time."
This global agreement between the two trait developers enhances the opportunity
to bring new and improved solutions to growers.
"This agreement builds on our practice of broadly licensing our technologies to
bring value to farmers," said Neil Arbuckle, Monsanto's Canola Business
Development Lead. "Canola oil is one of the healthiest oils available and as
such, plays a key role in the global vegetable oil market. With this new
agreement, farmers will benefit from greater access to new traits and new
technologies that will help ensure canola remains competitive in the global
marketplace."
About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health
care, nutrition and high-tech materials. Bayer CropScience AG, a subsidiary of
Bayer AG with annual sales of about EUR 6.4 billion (2008), is one of the world'
s leading innovative crop science companies in the areas of crop protection,
non-agricultural pest control, seeds and plant biotechnology. The company
offers an outstanding range of products and extensive service backup for modern
sustainable agriculture and for non-agricultural applications. Bayer
CropScience has a global workforce of about 18,000 and is represented in more
than 120 countries. Further information on Bayer CropScience is available at:
www.bayercropscience.com.
About Monsanto
Monsanto Company is an agricultural company and a leading global provider of
technology-based solutions and agricultural products that improve farm
productivity and food quality. Monsanto remains focused on enabling both
small-holder and large-scale farmers to produce more from their land while
conserving more of our world's natural resources such as water and energy. To
learn more about Monsanto's business and our commitments visit www.monsanto.com
.
Find more information at www.bayercropscience.com.
