Markets :: Fine Chemicals/Biotech :: Seeds and traits
DOJ drops antitrust inquiry into seed industry, Monsanto
9:02 AM MST | November 29, 2012 | Rebecca Coons
The US Department of Justice’s (DOJ) antitrust division has closed an investigation into possible anticompetitive licensing practices in the seed industry without taking any enforcement action. The investigation began in 2010 amid accusations of antitrust violations by Monsanto, the market leader in genetically modified seeds, and marked the first time US regulators scrutinized competition in the highly consolidated seed market. “We’re pleased that the Justice Department has closed its inquiry and this issue is now behind us,” says David...
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