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Monsanto pays $1.5 m to Tekmira Pharmaceuticals

Monsanto has made a $1.5 million milestone payment to the Canadian pharmaceutical company, Tekmira Pharmaceuticals (Vancouver, British Columbia), following specified programme developments in the use of Tekmira's RNAi delivery technology for crop protection applications. The companies signed an option agreement in January for Monsanto to obtain an exclusive global licence to the technology (Agrow No 680, p 2).  The deal could be worth up to $86.2 million, following the successful completion of all programme milestones, Tekmira points out.



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