Monsanto Invests a Total of $125 Million In Pairwise for Gene Editing

March 20, 2018 02:10 PM
 
Monsanto is partnering with an ag startup, Pairwise Plants, that studies gene editing technology.

Monsanto is partnering with an ag startup, Pairwise Plants, that studies gene editing technology. According to the agreement, Pairwise will work with Monsanto exclusively on corn, soybeans, wheat, cotton and canola crops.

The collaboration and licensing agreement calls for a $100 million contribution from Monsanto to gain access to and develop Pairwise intellectual property in row crop application. This includes the option to commercialize any products from this collaboration.

Pairwise uses “foundational” gene editing intellectual property and has licensed programmable base editing technology from Harvard University. It will be developing new gene editing applications to use in its collaboration with Monsanto. Pairwise will develop its own new crop varieties while collaborating with agricultural and food companies.

Monsanto Growth Ventures (the venture capital arm of Monsanto) and Deerfield Management recently closed $25 million in Series A financing to Pairwise.

“Human health care has long pioneered gene-related treatments, successfully advancing responses to our most systemic disease challenges,” says Haven Baker, Pairwise chief business officer. Pairwise and our partners believe the same is possible for agriculture.”

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Comments

 
Spell Check

d howell
vernon center , MN
3/20/2018 05:13 PM
 

  wow they spending a couple hundred million for reaseach I would like to know where all the money they get from us farmers tech fees every year . close as I figure about 2.5 billion corn plus 1.5 billion beans tech fee equals 4 billion they say 250 million per trait my we should be getting 15 new ones per year last 3 years 45 traits I think they are short. what do other farmers think

 
 

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