Syngenta, Monsanto Settle Broad-Leaf Patent Dispute

Law360, New York (February 23, 2004, 12:00 AM EST) -- U.S. agricultural biotech company Monsanto and Swiss rival Syngenta settled their patent interference cases with the U.S. Patent and Trademark Office and a patent infringement lawsuit brought by Syngenta, the two companies said Monday.

Under the agreement, Syngenta and Monsanto will provide each other with royalty-free, non-exclusive licenses related to the development, use and sale of transgenic crops containing agricultural technologies such as insect- protection and herbicide-tolerance produced through the use of the cross- licensed Agrobacterium-mediated transformation technology.

Additional details of the agreement were not disclosed....
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