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DuPont and Monsanto sign licensing deal, end patent fight

4:20 PM MDT | April 1, 2013 | —Rebecca Coons

DuPont’s Pioneer Hi-Bred business will pay Monsanto a minimum of $1.75 billion in royalty payments through 2023 to stack Monsanto’s Roundup Ready 2 (RR2) glyphosate-resistance technology in DuPont’s Genuity seeds in the United States and Canada, the companies announced last week. The deal ends a long-running legal dispute between the leading genetically modified seed firms and nullifies $1 billion in damages a that St. Louis district court awarded to Monsanto in August 2012. Trait wars: DuPont secures access to RR2. “This technology...

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