IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Monsanto Seeks Buyer for Controversial Milk-Boosting Drug

5:10 AM MDT | August 7, 2008 |

Alex Scott

Monsanto disclosed today that it is looking for a buyer for its bovine milk boosting drug Posilac recombinant bovine somatotropin (rBST). Monsanto did not disclose if it was yet in talks with a prospective buyer or how much it is seeking for the business.   Monsanto says product safety concerns among some dairy farming groups about the product are not the reason for the planned sale of the business, which company says is a "really great" product. “We believe repositioning the business with a strategic owner will allow Monsanto to...

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