Bayer CropScience and Evogene to Collaborate on Crop Yield Improvement

20-Jun-2007

Evogene Ltd. and Bayer CropScience announced a collaboration to increase the productivity and yield of a Bayer CropScience core crop, especially with regard to stress conditions such as drought. Under a recently signed agreement, Bayer CropScience has exclusively licensed the rights to certain genes discovered by Evogene which have demonstrated improved plant yield and other performance enhancements in various plant species. Evogene is to receive an initial fee, success-based milestone payments and royalties on sales.

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