REHOVOT, ISRAEL and MONHEIM AM RHEIN, GERMANY--(MARKET WIRE)--Jun 18, 2007 -- Evogene Ltd. (Tel Aviv:EVGN.TA - News) and Bayer CropScience announced today a collaboration to increase the productivity and yield of a Bayer CropScience core crop, especially with regard to stress conditions such as drought. Under a recently signed agreement, Bayer CropScience has exclusively licensed the rights to certain genes discovered by Evogene which have demonstrated improved plant yield and other performance enhancements in various plant species. Evogene is to receive an initial fee, success-based milestone payments and royalties on sales.
