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CERES APPLYING GENOMICS TO CROPS IN POTENTIAL $137M DEAL.(with Monsanto Co.)(Brief Article)
BIOWORLD Today
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April 4, 2002|
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COPYRIGHT 2002 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Money doesn't grow on trees, but there's certainly money to be made by growing better crops.
Ceres Inc. signed on to apply its genomics technologies in the quest for improved agricultural harvests with Monsanto Co. in a collaboration that could bring Ceres a bounty of $137 million.
"In addition to the obvious benefit [of the funding], we are happy to work with Monsanto because they are a leader in what we call first-generation agbiotech," said Richard Hamilton, chief financial officer at Ceres. "[Because of Monsanto's size and experience] it presents ...
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