Syngenta announces 20-year licensing deal in North America

Syngenta recently announced a 20-year agreement with KWS, Limagrain and their joint ventures AgReliant and Genective with a goal of expanding its North American licensing collaboration.

"This agreement is a further affirmation of the value of Syngenta's innovative (genetically modified) GM traits portfolio and biotechnology capabilities,” Syngenta Chief Operating Officer Davor Pisk said. “The creation of additional value through trait out-licensing, as well as the incorporation of leading technologies in our own branded offer, will be an important driver in improving the profitability of our seeds portfolio."

According to the agreement, Syngenta will provide worldwide rights to its current and future GM corn traits portfolio and, if regulatory items are approved, the company will also receive $200 million plus future royalty and milestone payments.

Present in 90 countries, Syngenta works to improve global food security by enabling millions of farmers to make better use of available resources.

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Syngenta Basel, Switzerland

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