Biogemma Licenses Yield and Drought Tolerance Genes from Evogene for Commercialization in Corn

17-Mar-2010 - Israel

Evogene Ltd. and Biogemma SAS announced the signing of a licensing agreement for the development and commercialization by Biogemma of hybrid corn lines, displaying improved yield and drought tolerance. The improved corn lines will incorporate certain Evogene discovered genes which have been jointly evaluated by the parties through a collaboration initiated in 2006. Under the newly signed licensing agreement, Biogemma receives worldwide exclusive commercialization rights to the genes for corn; financial terms of the agreement were not disclosed.

Pursuant to the earlier 2006 joint research agreement, corn lines incorporating various Evogene discovered genes were validated by Biogemma and Evogene in field trials in the USA and Israel during 2008 and 2009.

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