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Monsanto, Evogene launch five year R&D plan

August 29, 2008
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The Associated Press said that Monsanto Co. and Israel''s Evogene Ltd. announced Thursday they will collaborate on finding key plant genes related to yield, environmental stress and fertilizer utilization. The five-year research and development collaboration will help support Monsantos commitment to double yields in its core crops by 2030 and strengthen its ongoing work with Evogene, Monsanto said in a statement. In September 2007, the two companies announced a collaboration to improve nitrogen use efficiency in corn, soybeans, canola and cotton. Separately, Monsanto said it took an $18 million equity stake in Evogene and later will purchase another $12 million stake.

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