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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (866)	1/12/1999 8:41:00 AM
From: jopawa	Respond to of 2539

Monday January 11, 8:55 pm Eastern Time Company Press Release SOURCE: Monsanto Company Monsanto Announces Agreement on Glyphosate and Roundup Ready Crops ST. LOUIS, Jan. 11 /PRNewswire/ -- Monsanto Company (NYSE:MCT - news; NYSE: MTC - news) announced today a U.S. licensing agreement with Nufarm Ltd. that allows Nufarm to register its own brand of glyphosate herbicide over the top of certain Roundup Ready crops. Under the new agreement, Nufarm will reference for a fee Monsanto's registration data and will be authorized to sell its own brand of glyphosate over the top of Roundup Ready soybeans and Roundup Ready cotton beginning October 1, l999 and over Roundup Ready corn beginning October 1, 2000 in the United States. Monsanto and Nufarm announced previously a number of glyphosate herbicide supply agreements that expanded the geographic coverage globally from previous supply agreements for glyphosate and provided access for a fee to Monsanto glyphosate registration data in certain countries. ''Monsanto and Nufarm's agreement is consistent with our policy to provide wide access to new technology,'' said Patrick Quinn, U.S. Roundup brand manager. ''In addition, the licensees acknowledge and respect the intellectual property and registration data associated with the technology -- and have committed to fair compensation for such utilization.'' Monsanto's Roundup and Roundup Ultra herbicides, which include the active ingredient glyphosate, and Nufarm's glyphosate brand, will compete with each other in the agricultural marketplace. All performance, crop safety and stewardship support concerning all uses of Nufarm's brand of glyphosate, including over the top of pertinent Roundup Ready crops, is the responsibility of Nufarm. No additional details were provided and all other terms are confidential. As a life sciences company, Monsanto is committed to finding solutions to the growing global needs for food and health by sharing common forms of science and technology among agriculture, nutrition and health. The company's 30,000 employees worldwide make and market high-value agricultural products, pharmaceuticals and food ingredients. This press release contains certain forward-looking statements, including those related to the market for and sales of Roundup Ultra herbicide. These forward-looking statements are based on past experience and current expectations, but actual results may differ materially from those anticipated and there can be no guarantee that future results will be similar to those of the past. Certain factors which could cause actual results to differ materially from expected and historical results include: weather; price; new use; patent expiration; local farming practices; local economic conditions; the type of crops planted; and the availability, price and desirability of competitive products; as well as economic, competitive, governmental, intellectual property, technological and other factors identified in Monsanto Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.