St. Louis, Missouri
May 10, 2006
Monsanto
Company (NYSE: MON) announced today that it would appeal a
summary judgment ruling by the U.S. District Court in
Wilmington, Del., finding that one of Monsanto’s patents related
to glyphosate-tolerant genes was not properly enabled, and that
Syngenta has not infringed two other Monsanto patents related to
glyphosate-tolerant corn technology.
“We believe it is important to protect the
technology that our scientists developed and we are disappointed
with the court’s ruling,” said Charles Burson, executive vice
president and general counsel for Monsanto.
“We believe the court’s ruling is wrong and we
plan to appeal,” said Burson. “We remain confident that the
achievements of Monsanto scientists will be established on
appeal.”
The summary judgment ruling involved U.S. Patent
Nos. 4,940,835; 5,538,880; and 6,013,863.
“Today, farmers have numerous choices for
controlling weeds in their fields and we look forward to
continuing to compete with our glyphosate-tolerant corn products
in the field, and in continuing to earn the farmer’s business,”
said Carl Casale, executive vice president of Monsanto. “We’ve
anticipated that Syngenta will work from a non-Monsanto
technology platform for some time and our financial projections
are consistent with this assumption.”
Monsanto currently markets an improved version of
the glyphosate-tolerant corn technology under the Roundup Ready
Corn 2 brand name. Roundup Ready Corn 2 has supplanted
Monsanto’s first glyphosate-tolerant corn technology, Roundup
Ready Corn, which was at issue in this case. Roundup Ready Corn
was first marketed in 1998.
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality.
Roundup
Ready is registered trademarks owned by a Monsanto affiliated
company.
Related
release: Syngenta rights to GA21 in corn
reaffirmed by U.S. Federal Court |