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Arcadia Biosciences, Inc. Licenses Water Use Efficiency Technology To Genective



1/17/2014 8:30:26 AM

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DAVIS, Calif. & PARIS--(BUSINESS WIRE)--Arcadia Biosciences, Inc., and Genective S.A., a joint venture between Group LIMAGRAIN and Group KWS, today announced that they have signed an agreement that will allow Genective to develop new corn hybrids incorporating Arcadia’s Water Use Efficiency (WUE) technology. Under the terms of the agreement, Genective receives global rights to Arcadia’s WUE technology in corn, and Arcadia receives an upfront payment, milestone payments and participates in value sharing on sales of commercial products.

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