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    agriculture investing

    Monsanto and Nomad Bioscience Announce Collaboration on Gene-Editing Research for Next-Generation Agriculture Solutions

    Investing News Network
    Jun. 28, 2016 11:37AM PST
    Agriculture Investing

    ST. LOUIS–(BUSINESS WIRE)–Monsanto Company (NYSE: MON) and Nomad Bioscience GmbH have announced a licensing agreement whereby Monsanto has obtained rights to apply Nomad’s proprietary technology to its genome-editing projects aimed at enhancement of agricultural crops. The licensed technology enables more efficient development of edited traits and may be applied across a broad range of genome-editing …

    ST. LOUIS–(BUSINESS WIRE)–Monsanto Company (NYSE: MON) and Nomad Bioscience GmbH have announced a
    licensing agreement whereby Monsanto has obtained rights to apply
    Nomad’s proprietary technology to its genome-editing projects aimed at
    enhancement of agricultural crops. The licensed technology enables more
    efficient development of edited traits and may be applied across a broad
    range of genome-editing technologies and project types. Nomad’s novel
    approach holds the promise to accelerate the development of improved
    agricultural products via genome editing.
    “Our approach greatly increases both the efficiency of genome editing
    and the ability to deploy edited traits in commercial varieties, which
    could prove to be beneficial to the speed and scale at which potential
    products are developed,” said Dr. Yuri Gleba, chief executive officer
    and Nomad founder.
    The agreement includes a three-year research project, during which
    scientists at Nomad will continue to expand the applicability of their
    technology. In addition, the agreement provides Monsanto with rights to
    use Nomad’s technology for research projects during the term, as well as
    an option for an exclusive commercial license to apply the proprietary
    technology in the development of agriculture products. Additional
    details of the agreement were not disclosed.
    “Monsanto is committed to delivering best-in-class solutions to growers
    who face increasing challenges every year,” said Tom Adams,
    biotechnology lead for Monsanto. “Our collaboration with Nomad is one
    example of how we employ the industry’s best science through our own R&D
    pipeline and through strategic partnerships to continually drive
    agriculture innovation.”
    Gene-editing technologies offer a way for scientists to develop
    site-directed integration of specific genes as well as the opportunity
    to enhance beneficial or remove undesired plant characteristics.
    Monsanto believes that genome-editing technologies will enable plant
    breeders to deliver better hybrids and varieties more efficiently, as
    well as offer plant scientists additional resources to deliver new
    improvements in plant biotechnology.
    Nomad is a privately-held biotechnology company headquartered in Munich,
    Germany.
    About Nomad Bioscience GmbH
    Nomad Bioscience, headquartered in Munich, Germany, is a private
    biotechnology company developing plant-made biomaterials and agronomic
    traits that address critical unmet needs. Nomad’s plant-based transient
    protein expression technologies are licensed to several companies for a
    broad range of products. Nomad’s biomaterial pipeline consists of
    several selected product candidates, including plant-made cellulase
    enzymes for bioethanol production and antimicrobial proteins, including
    colicins, lysins and other bacteriocins, for food safety and human and
    animal health use.
    About Monsanto Company
    Monsanto is committed to bringing a broad range of solutions to help
    nourish our growing world. We produce seeds for fruits, vegetables and
    key crops – such as corn, soybeans, and cotton – that help farmers have
    better harvests while using water and other important resources more
    efficiently. We work to find sustainable solutions for soil health, help
    farmers use data to improve farming practices and conserve natural
    resources, and provide crop protection products to minimize damage from
    pests and disease. Through programs and partnerships, we collaborate
    with farmers, researchers, nonprofit organizations, universities and
    others to help tackle some of the world’s biggest challenges. To learn
    more about Monsanto, our commitments and our more than 20,000 dedicated
    employees, please visit: discover.monsanto.com
    and monsanto.com.
    Follow our business on Twitter® at twitter.com/MonsantoCo,
    on the company blog, Beyond the Rows® at monsantoblog.com
    or subscribe to our News
    Release RSS Feed
    .

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