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Chemical Week Magazine :: Top of the Week
DuPont and Monsanto sign licensing deal, end patent fight
12:58 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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