Dow and Monsanto announce global ag biotech agreement

摘要

DOW AGROSCIENCES and Monsanto Company have announced a global business agreement to cross-license ag biotech technologies and traits in corn,soybeans and cotton.The landmark deal also puts an end to the extensive and costly patent litigation between the two seed giants."We feel this agreement is a win-win for both Monsanto and Dow," said Fulcrum research analyst Frank Mitsch."Not only do the companies avoid costly legal fees going forward,but each gains access to new technologies that provide financial benefits."