Monsanto Company (MON) and ToolGen Inc, a biotechnology company specializing in genome editing, have reached a global licensing agreement for the use of ToolGen’s CRISPR technology platform to develop agricultural products.
ToolGen is an early pioneer in gene editing research. The license provides Monsanto with access to ToolGen’s comprehensive suite of CRISPR intellectual property for use in plants. This agreement further expands Monsanto’s broad portfolio of gene-editing tools that can be used to develop improved and sustainable crops.
The companies noted that gene-editing technologies, like CRISPR, offer agriculture researchers significant advantages over existing plant breeding and biotechnology methods due to their versatility and efficiency, and will allow Monsanto to provide farmers with solutions to problems that have been previously unaddressed.
Read more: Monsanto, ToolGen sign licensing agreement for CRISPR technology
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