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MarketScreener Homepage  >  Equities  >  Nyse  >  Monsanto    MON

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Monsanto : and Corteva Agriscience™, Agriculture Division of DowDuPont, Expand Licensing Agreement for Roundup Ready 2 Xtend® Technology

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07/12/2018 | 11:37pm CEST

By a News Reporter-Staff News Editor at Biotech Week -- Monsanto Company and Corteva Agriscience™, Agriculture Division of DowDuPont (NYSE: DWDP), announced the companies have reached an agreement on an expanded license for Roundup Ready 2 Xtend® technology for soybeans. Through this non-exclusive, royalty bearing license, Corteva Agriscience™ will offer U.S. and Canadian growers additional weed control flexibility through broader access to Roundup Ready 2 Xtend® technology across its North America seed brand portfolio. Specifically, the technology can be incorporated into the Mycogen® and Dairyland Seed® brands in the U.S. and the Brevant™ seed brand in Canada (see also Monsanto Company).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180627005140/en/

Soybeans containing the Roundup Ready 2 Xtend® trait are the industry's first biotech-stacked soybeans with both dicamba and glyphosate herbicide tolerance, and are built on the high-yielding Roundup Ready 2 Yield® technology. Additional terms of the licensing agreement were not disclosed.

"This announcement underscores our commitment to expanding choices for growers to select the appropriate genetic and trait combinations for their farms," said Mike Dillon, Corteva Agriscience™ Global Portfolio Leader - Soybeans. "Corteva Agriscience™ has one of the broadest herbicide portfolios for soybean weed control in the industry. The additional flexibility to add Roundup Ready 2 Xtend® technology to the portfolios of more of our trusted brands allows growers additional options for approved dicamba formulations in their soybean weed management programs."

"Monsanto's commitment to broad licensing is unwavering, and this agreement will provide greater grower choice and make the entire industry stronger," said Monsanto Global Corn and Soy Technology Lead Calvin Treat. "Several factors contribute to strong and productive soybean fields. The proven advantages of the Roundup Ready 2 Xtend® technology are owed to two core fundamentals: clean fields and strong yields. Based on these advantages, Monsanto has seen strong adoption of the Roundup Ready 2 Xtend® technology over the last two years and expects the technology to reach 40 million acres in 2018."

For more information on the Roundup Ready Xtend Crop System, visit RoundupReadyXtend.com. About Monsanto Company Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops - such as corn, soybeans, and cotton - that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world's biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo. About Corteva Agriscience™, Agriculture Division of DowDuPont Corteva Agriscience™, Agriculture Division of DowDuPont (NYSE: DWDP), is intended to become an independent, publicly traded company when the previously announced spinoff is complete by June 2019. The division combines the strengths of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences. Corteva Agriscience™ provides growers around the world with the most complete portfolio in the industry - including some of the most recognized brands in agriculture: Pioneer®, Encirca®, the newly launched Brevant™ Seeds, as well as award-winning Crop Protection products - while bringing new products to market through our solid pipeline of active chemistry and technologies. More information can be found at www.corteva.com.Follow Corteva Agriscience™, Agriculture Division of DowDuPont, on Facebook, Instagram, LinkedIn, Twitter and YouTube.

NOTE TO EDITORS: All products, unless otherwise noted, denoted with ™, ? or ® are trademarks or registered trademarks of their respective companies. View source version on businesswire.com: https://www.businesswire.com/news/home/20180627005140/en/

Keywords for this news article include: Business, Monsanto Company, Agricultural Companies, Biotechnology Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx LLC

(c) 2018 NewsRx LLC, source Health Newsletters

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