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Markets :: Fine Chemicals/Biotech :: Seeds and traits
Monsanto offers Brazilian farmers who drop RR1 claims discount on new soybean technology
4:20 PM MDT | July 24, 2013 | Rebecca Coons
Monsanto says it is offering Brazilian farmers a 16% discount on its newly launched Intacta Roundup Ready (RR) 2 Pro soybeans if they drop patent claims alleging Monsanto improperly collected up to $150 million in royalties for its first-generation RR seeds. The original lawsuit—filed against Monsanto in September 2012 by a consortium of farming groups and Famato, the agricultural federation of Brazil's leading soybean-producing state, Mato Grasso—alleged Monsanto's intellectual property (IP) rights on RR1 expired 1 September 2010 and requested...
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