(MON) Monsanto – Bayer in Cross-Licensing Deal

Monsanto Company (MON), an agricultural services provider, recently entered into a contract with Bayer CropScience, a wing of Germany based Bayer AG. The deal relates to the licensing of next-generation and enabling technologies in corn and soybean production. Financial terms of the agreement were not revealed. Per the agreement, Bayer CropScience, which deals in products and solutions to manage pests in various agricultural fields, will empower Monsanto to use Bayer’s corn rootworm control and herbicide tolerance technologies in its applications. Bayer CropScience, on the other hand, will be entitled to use Monsanto’s GenuityRoundup Ready 2 Yield and Genuity Roundup Ready 2 Xtend technologies for use in soybeans, in US and Canada. The arrangement takes place under a license through which Monsanto earns royalty. Also, Bayer CropScience will gain access to