Monsanto, Dow Chemical Sign Joint Licensing Deal

Monsanto says it has entered into a licensing deal with Dow AgroSciences that expands Dow’s access to Monsanto’s second-generation herbicide-tolerance trait, Roundup Ready 2, in soybeans. Financial terms were not disclosed. The deal grants Dow a non-exclusive, royalty-bearing license in the U.S. to develop, produce, sell and sublicense seed and germplasm with Roundup Ready 2 Yield technology. Dow also receives an option to license the trait in other territories after Monsanto secures regulatory approval. “Our experience in working with the trait gives us...

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