Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bindusagar Reddy who wrote (1687)	3/18/1999 10:41:00 AM
From: Anthony Wong	Respond to of 2539

03/18 08:42 Monsanto and Zeneca Announce Global Agreement for Touchdown On Roundup Ready Crops ST. LOUIS, March 18 /PRNewswire/ -- Monsanto Company and Zeneca Agrochemicals today announced a long-term license agreement on undisclosed terms under which Zeneca will test, develop and register "Touchdown" herbicide products for use on or over the top of Roundup Ready soybeans, corn and cotton in the United States. Under the agreement, Zeneca, once it has obtained U.S. Environmental Protection Agency registration, will sell Touchdown herbicide for application on or over the top of these crops. Additionally, Monsanto and Zeneca have agreed to negotiate in good faith access to additional Roundup Ready crops in the United States and to all Roundup Ready crops globally, as they are commercialized. Negotiations for commercial access after the second commercial season will occur on a country and crop basis. Under this agreement, Zeneca would test, develop and register its products while negotiations are taking place. As part of the agreement, Zeneca, Monsanto and Pioneer Hi-Bred International Inc. 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. Monsanto's Roundup and Zeneca's Touchdown herbicides will compete with each other in the agricultural weed control market. As a life sciences company, Monsanto (NYSE: MTC) 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. Zeneca Agrochemicals is the crop protection and plant sciences business of the Zeneca Group. Zeneca Group PLC (NYSE: ZEN) is a $9.1 billion international bioscience company which provides products and services to improve human health, nutrition and the quality of life. The group, which employs some 32,000 people world-wide, is engaged in the research, development, manufacture and marketing of ethical (prescription) pharmaceuticals, agricultural and specialty chemicals products and the supply of healthcare services. SOURCE Monsanto Company -0- 03/18/99 /NOTE TO EDITORS: Roundup and Roundup Ready are trademarks of Monsanto Company. Touchdown is a trademark of Zeneca Limited./ /CONTACT: Lisa Drake of Monsanto, 314-694-3540; or Stuart R. Shields of Zeneca Agrochemicals, UK, 011-44-428-657096; or Ed Ready of Zeneca, Inc., 302-886-1184/ /Web site: monsanto.com -- CGTH029 -- 7665 03/18/99 08:26 EST prnewswire.com Copyright PR Newswire 1998. All rights reserved.

To: Bindusagar Reddy who wrote (1687)	3/18/1999 10:44:00 AM
From: Anthony Wong	Respond to of 2539

Monsanto Co. Reiterated 'Buy' at J.P. Morgan Bloomberg News March 18, 1999, 9:37 a.m. ET Princeton, New Jersey, March 18 (Bloomberg Data) -- Monsanto Co. (MTC US) was reiterated ''buy'' by analyst Donald D. Carson at J.P. Morgan Securities. The 12-month target price is $60.00 per share. -- Andrew Bekoff in Princeton, New Jersey, (609)279-3652

To: Bindusagar Reddy who wrote (1687)	3/18/1999 10:46:00 AM
From: Anthony Wong	Respond to of 2539

Monsanto Co. Reiterated 'Recommend List' at Goldman Sachs Bloomberg News March 18, 1999, 9:47 a.m. ET Princeton, New Jersey, March 18 (Bloomberg Data) -- Monsanto Co. (MTC US) was reiterated ''recommend list'' by analyst Avi Nash at Goldman, Sachs & Co. Nash raised his 1999 est. to 83c from 70c, raised 2000 est. to $1.20 from $1.00 and raised Celebrex 1999 rev. to $1 Billion from $660 million. -- Andrew Bekoff in Princeton, New Jersey, (609)279-3652