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Monsanto/Devgen modify research deal

Monsanto has agreed to pay the Belgian biotechnology company, Devgen (Ghent), €20 million ($26.6 million at the current exchange rate), to alter the scope of their 2007 research and technology agreement. Monsanto will have broader rights to Devgen technology, but no further details are available. The original agreement focused on input and output traits in a range of crops, with Devgen concentrating on rice and small-grain cereals, and Monsanto on maize, cotton and soybeans ( Agrow No 514, p 2).



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