Bayer, Monsanto Agree To Settle Suits, Cross-License Herbicides
The companies agreed to cross-license each other under their respective patent estates for herbicide tolerance and insect resistance technologies. In part, this agreement enables broader farmer access to glufosinate-tolerant and glyphosate-tolerant crops, according to the statement released by the company.
As a part of the agreement, Bayer will provide Monsanto with a non-exclusive, royalty-bearing license to its technology related...
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