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

To: Dan Spillane who wrote (1665)	3/17/1999 3:51:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 2539

3/17 14:48 T =Monsanto To Refile Soon For Brazil OK Of Soybean Seed By Scott Kilman ST. LOUIS, Mo. (Dow Jones)--Monsanto Co. (MTC) said it still plans to seek clearance from the government of Brazil to sell its genetically-modified Roundup Ready soybean seeds to farmers there in time for the next planting season. Monsanto confirmed earlier reports Wednesday that it has temporarily withdrawn a filing with the Brazilian government that is one of many steps it must take in order to get commercial clearance for its seed. But a Monsanto spokesman said the company plans to refile its application shortly. Wall Street analysts are watching Monsanto's efforts closely because Brazil is a major soybean producer, and potentially a huge customer for Monsanto's new genetically-modified seed. The seed grows a soybean plant that is able to tolerate exposure to Monsanto's powerful Roundup herbicide, making it easier for soybean farmers to chemically weed their fields. Monsanto said it withdrew an application it had filed with the National Service of Cultivar Protection that seeks intellectual property protection on the seed. Monsanto said it already has intellectual property protection in Brazil on the gene that gives the soybean plant its unique trait. The Monsanto spokeswoman said Monsanto needs to have the intellectual property application approved before it can seek clearance from the government to sell its Roundup Ready soybean seed commercially. Monsanto said it withdrew the intellectual property application in order to make revisions, and plans to file a corrected version shortly. Monsanto is already producing Roundup Ready seeds in Brazil in anticipation of getting approval to sell them to farmers. -Scott Kilman;201-938-5099 (END) DOW JONES NEWS 03-17-99 02:48 PM