St. Louis, Missouri and Ames, Iowa
September 4, 2007
The Iowa State
University Research Foundation (ISURF) and
Monsanto Company announced
an agreement today that resolves a patent dispute related to low
linolenic soybeans and establishes a relationship that paves the
way for future technology development.
Under the terms of the agreement Monsanto will receive a
commercial license from ISURF for current and future low
linolenic acid product lines developed by Iowa State University.
The University will receive a research license for the use of
Roundup RReady2Yield™ soybeans. Additional terms of the
agreement were not disclosed.
“This collaborative agreement will ensure that farmers will be
able to obtain the benefits of these new soybean technologies
delivered together in the seed,” said Robb Fraley, Monsanto’s
chief technology officer. “We have had a long, productive
relationship with Iowa State University and we look forward to
working with them to provide ways for farmers to increase
profitability and productivity and for consumers to get benefits
from improved soybean oils.”
Iowa State University President Gregory Geoffroy said, “The
University and the Research Foundation are pleased with this
agreement. We look forward to continuing our work with Monsanto
for the benefit of the University, the company and farmers.”
Soybeans that contain low linolenic acid content result in more
stable oil that does not require hydrogenation. By eliminating
hydrogenation, the oil has no trans fat. As additional soybean
quality traits are developed by Iowa State, Monsanto’s Roundup
RReady2Yield™ trait will be made available for stacked
combinations.
Monsanto Company (NYSE: MON) is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality. For more information
on Monsanto, see:
www.monsanto.com.
ISURF is a not-for-profit corporation that manages intellectual
property arising from research carried out at Iowa State
University. For more information about ISURF, see:
www.techtransfer.iastate.edu
Roundup Ready and Roundup RReady2Yield are trademarks of
Monsanto Technology LL
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