Bayer completes Athenix purchase
Bayer CropScience has completed the acquisition of the US biotechnology company, Athenix (Research Triangle Park, North Carolina). The purchase price was $365 million, with further development milestone payments of up to $35 million. Athenix has an extensive herbicide tolerance and insect control trait platform, particularly for maize and soybeans, Bayer points out. It agreed to acquire the company in August ( Agrow No 574, p 3).