People & Business :: Companies
Bayer CropScience and FuturaGene Sign Cotton Technology Deal
1:51 AM MST | December 3, 2009 | Natasha Alperowicz
Bayer CropScience and FuturaGene (London) have entered into a license agreement under which FuturaGene grants Bayer exclusive worldwide rights to use its drought tolerance technology in cotton. FuturaGene will receive an upfront license fee, followed by development milestone payments and trait royalties on sales of cotton seeds using the technology. Further financial details were not disclosed. Drought is one of the principal environmental limits of crop yield as it hampers the cultivation of crops on more than 40% of the land surface, posing a serious threat to...
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