Landec seeks new partner for Intellicoat
The US company, Landec Corporation (Menlo Park, California), has begun initial discussions with seed and crop protection companies interested in licensing its controlled-release Intellicoat seed treatment technology. Monsanto has told Landec that it is not interested in extending the five-year licensing deal that the companies signed in December 2006 ( Agrow No 510, p 2). “We think our controlled release technology is viable but will require further development and field validation,” says Landec chairman and CEO Gary Steele. Landec’s seed treatment subsidiary, Landec Ag, will receive a $4 million termination fee from Monsanto.