Monsanto to license soybean seed traits to Dow

Monsanto Co. said Wednesday it granted a new royalty-bearing, Roundup Ready 2 Yield license to Dow AgroSciences for genetically modified soybean seeds.

In 2007, Creve Coeur, Mo.-based Monsanto and Dow AgroSciences signed a licensing agreement for engineered corn seeds.

Under the new agreement, Monsanto, led by Chairman, President and Chief Executive Hugh Grant, gives Dow AgroSciences, led by President and CEO Antonio Galindez, a non-exclusive, royalty-bearing license in the United States to develop, produce, sell and sublicense seed and germplasm with Roundup Ready 2 Yield technology.

[St. Louis Business Journal]