Multimillion Euro deal on developing higher yielding crops


BASF Plant Science obtains exclusive license rights to genetic traits discovered and validated by CropDesign for commercial use in major crops. This agreement also initiates a multi-year research cooperation between the two companies in developing additional yield traits for the market. The aim is to genetically improve yield of agricultural crops and to enhance their protection against environmental stress conditions, such as drought. Traits are commercially important characteristics controlled by corresponding genes in crops.

In return, CropDesign will receive multimillion Euro payments from BASF Plant Science consisting of substantial upfront fees, milestone payments as well as royalties on sales of products.

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