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January 13, 2014
07:23 EDTTKMR, MONTekmira signs license option agreement with Monsanto
Tekmira Pharmaceuticals (TKMR) announced that it has signed an Option Agreement with Monsanto (MON), pursuant to which Monsanto may obtain a license to use Tekmira's proprietary delivery technology. The transaction will support the application of Tekmira's proprietary delivery technology and related intellectual property for use in agriculture. Tekmira noted that the potential value of the transaction could reach up to $86.2M following the successful completion of milestones. Tekmira expects to receive a near term payment of net $16.5M. Over the option period, which is expected to be approximately four years, Tekmira will provide lipid formulations to Monsanto's research and development activities, and Monsanto will make certain payments to Tekmira to maintain its option rights. At any time during the option period, Monsanto may choose to exercise its option, in which case Monsanto will pay to Tekmira an option exercise fee and will receive a worldwide, exclusive right to use Tekmira's proprietary delivery technology in the field of agriculture. Monsanto may elect to terminate this option at their discretion. Tekmira retains all rights to therapeutics uses of all current IP and IP developed under the agreement. The agreement follows Monsanto's initial testing of Tekmira's proprietary delivery technology and the demonstration of initial positive results from use of that technology in the field of agriculture, the company said.
News For TKMR;MON From The Last 14 Days
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February 9, 2016
14:04 EDTMONSEC reaches $80M settlement with Monsanto over accounting violations
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12:04 EDTMONUSDA raises corn supply forecast by 35M bushels
In its monthly World Agricultural Supply and Demand Estimates report, the USDA raised its corn ending stocks estimate for 2015/16 by 35M bushels. The projected range for the corn season-average farm price is narrowed 5 cents on both ends to $3.35 to $3.85 per bushel. Publicly traded companies in the Agriculture and Fertilizer spaces include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
February 3, 2016
08:06 EDTMONMonsanto announces commercial launch plans for Roundup Ready 2 Xtend soybeans
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