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Corn+Soybean Digest

DOW AGROSCIENCES AND MONSANTO REACH AGREEMENT

Dow AgroSciences LLC, a subsidiary of The Dow Chemical Company, and Monsanto announced a global business agreement that establishes cross licenses of cotton technologies on a non-exclusive basis.

Dow's license includes Monsanto's patent estate for cotton transformation. Monsanto's license includes the patent estate for glyphosate tolerant cotton of Mycogen Plant Sciences, Inc., an affiliate of Dow AgroSciences.

Dow receives the intellectual property licenses for the commercialization of its Widestrike insect protection technology. Monsanto receives the intellectual property licenses related to its Bollgard, Bollgard II, Roundup Ready and Roundup Ready Flex technologies. Monsanto also receives a commercial license for Widestrike technology in South America and Mexico.

Dow and Monsanto also established non-exclusive cross licenses of certain enabling technologies. Dow's license includes Monsanto's patent estate for synthetic Bt technology. Monsanto's license includes the patent estate for Bt in plants owned by Mycogen.

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