Evogene Announces Soybean Collaboration With Mertec, LLC

18-Nov-2004

Evogene Ltd. announced an agreement with Mertec, LLC for the development and marketing of soybean seeds with improved traits. The two companies will bring newly developed traits from Evogene to the market in soybean varieties developed by Mertec. Mertec will market the co-developed soybean varieties using their strong industry channels. Financial terms were not disclosed.

Joseph H. Merschman, Mertec's President, said: "We are excited about our partnership with Evogene. This collaboration strengthens our ability to deliver innovative products to our dealers and farmer customers."

Dr Hagai Karchi, CEO for Evogene, stated: "We are very pleased to have the opportunity to collaborate with Mertec, an industry leading soybean germplasm and seed supplier. Soybean is the most widespread biotechnology enhanced crop globally, and we are confident that certain traits in our existing development pipeline will provide the basis for significant improvements."

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