Monsanto is my favorite stock for the long term. I bought recently on the dip to 37-38. Here's more good news on DeKalb Genetics, whom Monsanto is the major investor in:
DEKALB Genetics Granted European Patent for Corn Transformation
PR Newswire, Tuesday, December 02, 1997 at 18:57
DEKALB, Ill., Dec. 2 /PRNewswire/ -- DEKALB Genetics Corporation
(NYSE:DKB) announced today that it has been granted a patent by the EuropeanPatent office directed to a method of corn transformation. This patent is directed to the use of microprojectile bombardment, in which a "gene gun" is
used to insert desired genetic material into corn cells. The patent is not
limited by types of genes that may be introduced into corn.
"Bombardment is the technology of choice for transforming corn throughout
the seed industry," said Catherine Mackey, vice president of research. "We
view this as an important patent that is central to corn biotechnology and
that further strengthens our portfolio of intellectual property."
DEKALB has been awarded similar methods patents by the U.S. Patent and
Trademark Office. In addition, DEKALB has been issued U.S. patents directed
to transgenic corn products, including corn resistant to Liberty(R) herbicide,
Roundup(R) herbicide, and insect-resistant corn expressing Bt insecticidal
proteins.
Based in DeKalb, Ill., DEKALB Genetics Corporation is a worldwide leader
in agricultural genetics and biotechnology for seed and swine. DEKALB
Genetics Corporation Class B Common Stock is traded on the New York Stock
Exchange under the symbol DKB.
Forward-looking statements are subject to several risk factors that could
cause actual results to differ from projections. Among these factors are the
company's relative product performance and competitive market position,
weather conditions, commodity prices, trade policies, market conditions, and
intellectual property matters.
SOURCE DEKALB Genetics Corporation
-0- 12/2/97
/EDITOR'S NOTE: Roundup is a registered trademark of Monsanto Company.
Liberty is a registered trademark of Hoechst Schering AgrEvo GmbH/
/CONTACT: David R. Wagley, Vice President and Treasurer of DEKALB,
815-758-9383/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 262250/
/Web site: dekalb.com
Companies or Securities discussed in this article:
SymbolNameNYSE:DKBDekalb Genetics Corp Cl B |
