BASF and Monsanto Announce R&D and Commercialization Collaboration Agreement in Plant Biotechnology

  • Agreement aimed at developing higher-yielding crops that are more tolerant to adverse environmental conditions such as drought
  • Potential $1.5 billion/€1.2 billion devoted to joint pipeline over life of the collaboration
  • First products to be commercialized in the first half of the next decade

Press Release in English

Press Release in German

BASF and Monsanto Research and Development at a Glance

Video Q&A with Monsanto CTO Robert Fraley Video

Video Q&A with BASF's Chairman, Dr. Jürgen Hambrecht Video

Joint Conference Call
In conjunction with this announcement, BASF and Monsanto will hold a joint conference call for investors and media. The call is scheduled for 9 a.m. EDT (2 p.m. CET) Wednesday, March 21, 2007. Presentation slides and a simultaneous audio webcast of the conference call may be accessed as follows:

Presentation
Direct link to webcast (available for 3 weeks)