GLOBAL seed trait giant Monsanto announced that it will cross-license technologies with two of its competitors, underscoring the success of previous "stacked-trait" seed offerings.
Monsanto announced separate agreements with Dow AgroSciences and Bayer CropScience related to plant biotechnologies for weed and insect protection.
Monsanto's agreement with Dow, announced April 11, focused on advanced weed and insect control technologies in corn. The company will license Dow's Enlist Weed Control System herbicide-tolerant trait for corn, while Dow will license Monsanto's third-generation corn rootworm technology.
Corn Rootworm III, presently under development by Monsanto, will offer a new mode of action for rootworm control. Enlist is a system that combines tolerance to 2,4-D and FOPs and novel herbicides, offering two modes of action for weed control.
The agreement paves the way for introduction of next-generation products that build off the current SmartStax platform, which includes Dow's Herculex and Monsanto's insect resistance and herbicide tolerance traits. These technologies will be introduced into each company's proprietary germplasm and sold competitively under their respective seed corn brands.
Under the agreement, Monsanto and Dow will hold royalty-bearing licenses to the Corn Rootworm III and Enlist traits, and Monsanto will represent both companies for joint third-party licensing of SmartStax corn to third-party seed companies through its Corn States business.
In an agreement announced April 16, Monsanto granted Bayer a royalty-bearing license to its Genuity Roundup Ready 2 Yield and Genuity Roundup Ready 2 Xtend technology in soybeans in the U.S. and Canada. Bayer will also receive a royalty-bearing license to Monsanto's Intacta RR2 PRO trait in soybeans in Brazil, with an option for a royalty-bearing license in other Latin American countries in the future.
Under the agreements, Bayer will grant Monsanto licenses to evaluate enabling technologies for corn rootworm control and herbicide tolerance as options for Monsanto's future pipeline development work.
Financial terms of the various agreements were not disclosed.