Corporate Banner
Satellite Banner
AgriGenomics
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

Monsanto Acquires Select Assets of Agradis, Inc.

Published: Monday, February 04, 2013
Last Updated: Monday, February 04, 2013
Bookmark and Share
Monsanto also signs research collaboration agreement with and makes equity investment in Synthetic Genomics Inc., co-founding company of Agradis, Inc.

Monsanto Company announced it has purchased select assets of Agradis, Inc. (Agradis), a privately held company focused on developing sustainable agricultural solutions. Monsanto's purchase includes the Agradis name and its collection of microbes that can improve crop productivity. Monsanto has also acquired the company's R&D site in La Jolla, California. Additional details were not disclosed.

Agradis was formed in 2011 by Synthetic Genomics Inc (SGI), a privately held company led by J. Craig Venter, Ph.D. Founder and CEO, dedicated to developing genomic-driven solutions to address global challenges, and Plenus, S.A. de C.V. (Plenus) a Mexico-based investing and management company headed by Alfonso Romo , which has extensive experience in a variety of business areas, including agribusiness. The assets of Agradis not purchased by Monsanto include castor and sweet sorghum breeding and genetic optimization technologies, as well as a novel product used to prevent fungal growth on fruits and vegetables. These assets will continue to be advanced by SGI and Plenus in a new company, AgraCast.

"Agradis' collection of plant associated microbes will support Monsanto's efforts to provide farmers with sustainable biological products to improve crop health and productivity," said Steve Padgette , Monsanto R&D investment strategy lead. "We value the expertise and capabilities the Agradis team brings to Monsanto as we continue to build on this exciting area of research."

Dr. Venter stated, "SGI and Plenus formed Agradis with the belief that our extensive expertise in microbial genomics could accelerate advances in agriculture. We are pleased that Monsanto realizes the potential of the Agradis science and technology as evidenced by their acquisition of some key assets of the company. We look forward to working with Monsanto to continue to generate innovation in agribusiness."

Today's announcement also includes an agricultural research agreement between Monsanto and SGI. The multi-year research collaboration will focus on the analysis of microbe-plant communities and screening for beneficial microorganisms that could be used to develop additional biological products to improve agricultural productivity. Monsanto has also made an equity investment in SGI. Terms of the investment were not disclosed.

"We look forward to bringing together the genomics strength of Monsanto, Agradis and SGI to identify new agricultural solutions," Padgette added. "We share a common vision that sustainable agricultural products can help meet growing demand, and Monsanto views SGI as an excellent partner in helping bring innovation to growers."


Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,300+ scientific posters on ePosters
  • More than 4,800+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Monsanto Company and Complix NV Sign Collaboration
Collaboration agreement to develop Complix’s proprietary Alphabody® protein technology in the field of agriculture.
Friday, September 21, 2012
Scientific News
Genome of 6000-Year-Old Barley Sequenced
Researchers have successfully sequenced the genome of Chalcolithic barley grains for the first time.
Flowers Arrange Themselves for Bees
Study suggests plants can maximise their chances of reproduction by taking advantage of how insects move when they gather nectar.
Improving Wheat Crops in the Field
Agrii, RAGT and the University of Nottingham are developing better disease management and yield production in wheat crops using ASD FieldSpec Handheld 2 portable spectroradiometers.
Unravelling the Roots of Insect’s Waterproof Coating
Researchers have identified the genes that control cuticular lipid production in Drosophila, by performing an RNAi screen and using Direct Analysis in Real Time and GC-MS.
Structural link to Brain Cell Death in Alzheimer's
Study reveals multiple new leads for pursuing potential Alzheimer's treatments
Disentangling the Plant Microbiome
Study says breeding plants, to feed a growing global population, with more beneficial bacteria is far from simple.
Cellular Origin of Skin Cancer Identified
Scientists have identified ‘cell of origin’ in the most common form of skin cancer, and followed the process that leads to tumour growth.
How Plants Sense Electric Fields
An international group of researchers has identified the sensor plants use to sense electric fields. The voltage sensor discovery could contribute to the understanding of how the Ebola virus enters human cells.
Google and EI Partner for Next Generation of Coders
The Earlham Institute's open-source project for visualisation of biological data BioJS acts as mentor organisation for Google Summer of Code 2016.
DNA Production Facility Begins Operation
Scientists mark the opening of the UK's first fully automated DNA construction and modification facility.
Skyscraper Banner

SELECTBIO Market Reports
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,300+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,800+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!