Monsanto, Alnylam Pharmaceuticals form strategic alliance

Monsanto, Alnylam Pharmaceuticals form strategic alliance

10:01 AM, 29th August 2012
Monsanto, Alnylam Pharmaceuticals form strategic alliance

CAMBRIDGE/ST LOUIS, US: Monsanto Company and Alnylam Pharmaceuticals Inc have formed a strategic alliance to advance biological technologies in the field of agriculture. The new alliance brings Alnylam’s broad RNAi-based intellectual property (IP) and proprietary technologies to Monsanto’s new BioDirect technology, which aims to deliver innovative biological solutions for farmers.

Monsanto receives worldwide, exclusive rights to use Alnylam’s platform technology and IP in the field of agriculture, including the ability to grant sublicenses. Monsanto will pay Alnylam $29.2 million in upfront payments. In addition, Alnylam is eligible to receive milestone payments and additional funding for collaborative research efforts. Further, Alnylam is eligible to receive royalty payments on products utilizing Alnylam technology and IP. Moreover, Monsanto becomes Alnylam’s strategic partner in agriculture for a 10-year period.

“We are very pleased to partner with Alnylam, a leading technology company with unparalleled intellectual property and a technology platform that will support our work in agricultural biologicals, introduced earlier this year with BioDirect technology. We believe biological products have great promise in agriculture and we are excited to be collaborating with Alnylam in this area,” said Tom Adams, Vice President of Chemistry Technology, Monsanto.

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