Monsanto, Bayer Settle Decades-Long Battle Over Plant Biotech Patents

Law360, New York (February 5, 2005, 12:00 AM EST) -- U.S. agrochemicals giant Monsanto Co. has settled its dispute with German rival giant Bayer CropScience and the Max Planck Society over technology that allows scientists to transfer new traits to plant cells, ending the longest-running patent battle in the history of plant biotechnology.

Under the agreement, the Max Planck Society, Bayer CropScience, Garching Innovation and Monsanto will cross-license their Agrobacterium-mediated transformation technology worldwide.

In selected areas of the world, they will give each other non-exclusive licenses for the development, use and sale of transgenic crops....
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