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Bayer CropScience and Monsanto Swap Some Pesticide Licenses

11:28 AM MDT | June 27, 2007 | Nancy Seewald

Bayer CropScience and Monsanto have entered into several long-term licensing agreements for their respective herbicide and insecticide technologies. Under one deal, Bayer CropScience will grant Monsanto a royalty-bearing, non-exclusive license for its LiberyLink herbicide tolerance technology for use in corn and soybeans. Monsanto will have the option to market corn and soybean seeds containing both LibertyLink and Monsanto’s Roundup Ready, under the deal. The companies say they have also amended certain existing herbicide tolerance agreements to provide...

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