GermanyGermany

BASF and Monsanto expand green GMO alliance

08.07.2010

Limburgerhof/ St. Louis - To improve crop yield, US and European agrobiotech giants Monsanto and BASF will expand their development and commercialisation alliance aimed at developing higher- yielding and stress-tolerant crops. In addition to their US$1.5bn collaboration agreement of 2007, which comprised genetically engineered maize, soy, cotton and canola, they will also optimise wheat. The companies announced that investments into R&D could amount up to $1billion over the life of the collaboration. The terms of the original collaboration will apply also to the extension: Each company will run independent trait discovery programmes and will propose specific candidate genes. Projects will be jointly funded through each phase of development, and products that emerge from the joint development will be commercialised by Monsanto. The profits associated with commercialised products will be shared, with Monsanto receiving 60 percent of net profits and BASF receiving
40 percent of net profits.

Germany, FranceGermany

21.12.2011

Martinsried/Paris - Sanofi has done some Christmas shopping in Munich and has licensed Scil Technology’s programme for the regenerative treatment of osteoarthritis and cartilage disorders. Under the agreement, Scil could reap up...

GermanyGermany

20.12.2011

Monheim - It's nearly Christmas, and Bayer Crop Science gives out some presents. As the company announced, a $750 million settlement with U.S. rice farmers is now binding and can move forward. In summer the German firm had agreed...

GermanyGermany

16.12.2011

Bonn – Germany’s federal government is prolonging one of its most successful measures to date for stimulating the establishment of high-tech companies – the High-Tech-Gründerfonds (HTGF). The HTGF was launched in 2005 with €272m...

GermanyGermany

15.12.2011

Leverkusen – One short statement from the European Medicines Agency (EMA) means one giant step for German biotech company Biofrontera. The agency issued a favourable opinion on the firm’s marketing approval application for its...

GermanyGermany

15.12.2011

While the European sovereign debt crisis keeps capital markets in a choke-hold, with potential negative effects on the financing situation in many industries – including biotech – there was encouraging news for drug-developing...

GermanyGermany

08.12.2011

Heidelberg – There is still life in the European life science finance. EMBL Ventures has closed a €40m fund. The early stage investor and the venture capital arm of the European Molecular Biology Laboratory(EMBL) announced the...

GermanyGermany

03.11.2011

Düsseldorf – BIO-Europe 2011 in Düsseldorf has again broken all previous records in terms of participants and company numbers. More than 3,000 representatives from 1,800 companies registered for Europe‘s largest partnering event....

GermanyGermany

02.11.2011

Brussels/San Francisco – As the biggest biotech partnering event on the continent, BioEurope, draws to a close, the venture capital community sent ambivalent messages for life sciences. Dow Jones VentureSource, an analyst,...

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