Washington, DC
April 14, 2004The United
States Patent and Trademark Office in Washington, DC has issued
US Patent No. 6,720,488. This patent is the fifth in a series of
transgenic patents issued to
Syngenta (NYSE: SYT) in the field of insect resistant corn.
All five patents cover synthetic Bt genes that provide useful
products to corn growers by conferring resistance to two
economically important insect pests: the European corn borer
(ECB) and the corn rootworm (CRW).
Three of the previously issued
patents* are the subject of a lawsuit Syngenta filed on July 25,
2002 in Federal District Court in Wilmington, DE.
The lawsuit charges that
Monsanto, DeKalb Genetics, Pioneer Hi-Bred, Dow AgroSciences and
Mycogen Seeds are infringing one or more of these patents with
their YieldGard(R) and Herculex(TM) product lines. The lawsuit
is expected to go to trial in November 2004.
Syngenta has filed a new
lawsuit in Federal District Court in Wilmington, DE seeking
damages and injunctive relief against the same defendants for
the infringement of the latest patent.
Syngenta is a world-leading
agribusiness committed to sustainable agriculture through
innovative research and technology. The company is a leader in
crop protection, and ranks third in the high-value commercial
seeds market. Sales in 2003 were approximately $6.6 billion.
Syngenta employs more than 19,000 people in over 90 countries.
Syngenta is listed on the Swiss stock exchange (SYNN) and in New
York (SYT).
*US Patent No. 6,075,185, US
Patent No. 6,320,100, and US Patent No. 6,403,865 |