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

To: Dan Spillane who wrote (1686)	3/18/1999 10:49:00 AM
From: Anthony Wong	Respond to of 2539

Zeneca to Develop Its Herbicide for Use in Monsanto Crops Bloomberg News March 18, 1999, 6:11 a.m. PT Zeneca to Develop Its Herbicide for Use in Monsanto Crops London, March 18 (Bloomberg) -- Zeneca Group Plc, the world's fourth-biggest agrochemical company, said Monsanto Co. licensed to Zeneca the rights to use its Touchdown herbicide on Monsanto's Roundup Ready crops, giving Zeneca access to a larger share in a fast-growing area of agriculture. London-based Zeneca, Monsanto and a third agricultural competitor, Hi-Bred International Inc., also all agreed to drop lawsuits filed against each other in Delaware and Missouri. Zeneca sued Monsanto last July claiming the agricultural biotechnology company was trying to monopolize the market for herbicides and bio-engineered crops. Terms of today's alliance weren't released. Monsanto makes Roundup, a herbicide which is applied to genetically modified crops such as Roundup Ready corn, soybeans and cotton. The so-called selective herbicides are aimed at killing weeds but not the crop. Zeneca is seeking to compete against Roundup with Touchdown, a similar product in a growing market for selective herbicides worth $11.3 billion in 1997. Under the agreement, Zeneca will develop and seek regulatory approval for Touchdown for use on Roundup Ready soybeans, cotton and corn in the U.S. Zeneca said it will also negotiate similar rights worldwide with Monsanto. Zeneca shares were recently trading up 73 pence at 2,593p in London. --Dane Hamilton in the London newsroom (44-171) 330-7727/cor

To: Dan Spillane who wrote (1686)	3/18/1999 12:14:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 2539

03/18 10:31 FOCUS-UK waiters must know if foods contain GMOs (recasts, adds Jeff Rooker news conference) By Chris Lyddon LONDON, March 18 (Reuters) - British waiters will have to be able to tell diners whether their food contains genetically modified soya or maize, under new rules announced on Thursday by food safety minister Jeff Rooker. And if they cannot, their employers in any of some 125,000 catering establishments of various types, from hot-dog stands to the most expensive restaurant in Britain, face fines of up to 5,000 pounds, Rooker said. The same fine is imposed on food shops if they fail to label according to the EU rules. "We don't think it's impractical," Rooker told a news conference at the ministry of agriculture. "If a customer wants to ask if any ingredients have been genetically modified then they ought to be able to answer," he said. A European Union law requiring the labelling of foods containing GM soya and maize has been in place since September last year. The British government was moving to enforce the EU requirement through British law, but at the same time extending it to catering premises. The government had decided that in the interests of consumer choice there should be labels on these foods in restaurants. But after consultation it had been decided that full labelling would require too much "gold-plating," the usual term for a national government extending the working of an EU rule. "We don't want to put a burden on the catering industry, but we've already got a system in catering for nut-allergies," Rooker said. A notice in the restaurant would invite people to ask the staff about GM ingredients. This process would save reprinting menus according to where ingredients had been sourced. Although the new fines for failing to follow the EU's labelling regulation would come in from Friday, the parts involving the catering trade would be phased in over six months. There had to be what Rooker called a 'de minimis,' rule to give a very small percentage of GM material which could be present before it had to be specified. The crops involved are Roundup Ready soya developed by Monsanto <MTC.N> and a maize developed by Novartis <NOVZn.S>. Rooker stressed that they are not grown in Britain. "We're not producing any GM food in this country...," he said. But field-scale trials of GM crops were about to start. British food retailers, supermarkets in particular, have been quick to acknowledge public alarm about GM food, many going further than the government's new rules require. J. Sainsbury Plc <SBRY.L> said on Wednesday it had set up a consortium of European supermarkets to ensure no genetically altered ingredients make it into their own-label products. Marks & Spencer <MKS.L> said it would stop selling genetically modified food in the coming months and ASDA Group Plc <ASSD.L> has said it wants its own-label range of products to be free of modified ingredients. Safeway <SFW.L> is working to substitute GM products with conventional ones and Tesco <TSCO.L> said it will clearly label GM products. moneynet.com@NEWS-P1&Index=2&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=&NAVSVC=News\Company

To: Dan Spillane who wrote (1686)	3/18/1999 12:17:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 2539

03/18 11:27 FOCUS-Zeneca, Monsanto settle genetic crop dispute (Rewrites, adds background) LONDON, March 18 (Reuters) - Agrochemical giants Zeneca Group Plc <ZEN.L> and Monsanto Co <MTC.N> settled differences on Thursday in a battle over the rapidly expanding market for genetically engineered crop seeds. British-based Zeneca said it had signed a long-term agreement on undisclosed terms to develop its Touchdown herbicide for use on or over the top of Monsanto's Roundup Ready soybeans, corn and cotton in the U.S. Under the agreement, Zeneca, once it has obtained U.S. Environmental Protection Agency registration, will sell Touchdown herbicide for application on Roundup Ready crops. The two companies have also agreed to negotiate access to additional Roundup Ready crops both in the U.S. and to all Roundup Ready crops worldwide, as they are commercialised. As a result, Monsanto's Roundup and Zeneca's Touchdown herbicides will compete with each other in the agriculutral weed control market. As part of the deal, Zeneca, Monsanto and Pioneer Hi-Bred International Inc <PHB.N> have agreed to dismiss the lawsuits they have pending against each other in Delaware and Missouri. These relate to the use of Touchdown over Roundup Ready crops and related Monsanto patents, and to Monsanto's marketing practices. Zeneca filed an antitrust suit against Monsanto last July, claiming its restrictive agreements and incentive programmes for growers, researchers, and distributors were intended to exclude competitors. It had argued that Monsanto's patents, set to expire in 2000, were invalid and unenforceable. moneynet.com@NEWS-P1&Index=1&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=&NAVSVC=News\Company