Monsanto Company and Evogene Ltd. Collaborate on Nitrogen Use Efficiency Research
ST. LOUIS, MO and REHOVOT, ISRAEL--(MARKET WIRE)--Sep 25, 2007 -- Monsanto Company (NYSE:MON - News) and Evogene Ltd. (Tel Aviv:EVGN.TA - News) today announced a collaboration to improve nitrogen use efficiency in corn, soybeans, canola and cotton. Under the agreement, Monsanto gains exclusive rights to a number of genes discovered by Evogene that help plants maintain yield with lower applications of nitrogen. Monsanto will work to evaluate the use of those genes in its research and development pipeline. The potential candidates from Evogene are complementary to the nitrogen utilization genes already in testing in Monsanto's pipeline and could provide the opportunity to further a series of upgrades for this key target area. The financial terms of the agreement were not disclosed.