People & Business :: Companies
Monsanto, Evogene Team Up for Stress-Resistant Genes
11:52 AM MDT | August 28, 2008 | Nancy Seewald
Monsanto says it has entered into a five-year partnership with Evogene (Rehovot, Israel) focused on identifying plant genes that improve yield, fertilizer utilization, and a plant’s ability to react to environmental stress. Monsanto has also acquired an $18-million equity stake in Evogene, and has agreed to purchase an additional $12-million stake in the future, subject to certain diligence requirements. “We have been very impressed with Evogene’s discovery capabilities, particularly their computer-based, predictive biology efforts,” says...
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