CAMBRIDGE, Mass. & ST. LOUIS--(BUSINESS WIRE)--Nimbus Discovery, a biotechnology company discovering novel approaches for previously inaccessible disease targets, and Monsanto Company, today announced the achievement of the first milestone in their research collaboration. The research collaboration, which was announced last year, focuses on the development of new discoveries to help farmers control diseases and promote overall plant health.
Under the collaboration, Nimbus and Monsanto are co-developing agricultural fungicides using Nimbus’ innovative research tools and Monsanto’s agricultural testing capabilities. With today’s announcement, Monsanto will make an undisclosed payment to Nimbus based on the demonstration of activity of novel, broad-spectrum fungicides in key crops of interest.
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