Dow, Monsanto team up to create stronger corn seed
September 14, 2007
by Jeff Gelski
INDIANAPOLIS — A cross-licensing agreement between Monsanto and Dow AgroSciences L.L.C. aims to launch SmartStax, the industry’s first eight-gene stacked combination in corn. The novel seed offering will combine eight different herbicide tolerance and insect-protection genes into hybrids.
The companies hope to introduce the SmartStax brand in the United States by the end of the decade, following regulatory approvals. The global agreement is structured to operate in any countries where the parties seek and obtain the necessary approvals and registrations for sale of the product.
Both parties will cross-license, under royalty-bearing payments, their respective above-ground and below-ground insect protection systems as well as the two leading weed control systems. Monsanto will represent SmartStax for both parties for joint third-party licensing. Both parties will retain the right to independently stack additional trait technologies and combinations with SmartStax.
"By bringing together the two companies that have developed and commercialized the trait technologies widely used in agriculture today, we can provide farmers an ‘all-in-one’ answer to demands for comprehensive yield protection from weed and insect threats," said Carl Casale, executive vice-president of strategy and operations for St. Louis-based Monsanto.
Dow AgroSciences, a subsidiary of the Dow Chemical Co., is based in Indianapolis.