DuPont, Monsanto settle patent lawsuits over seed technology

By

DuPont and Monsanto Co have agreed to dismiss patent infringement lawsuits against each other over some seed development technologies.

Monsanto had alleged that DuPont infringed some of its seed chipping patents, while DuPont had claimed that Monsanto infringed some patents related to seed processing.

The companies did not disclose the terms of the settlement on Tuesday.

DuPont and smaller rival Monsanto together dominate the U.S. seed industry. The two companies have been racing to develop improved crops through the use of genetic modifications and other means. (reut.rs/1HwRQC1)

The companies reached a licensing agreement last year, agreeing to drop certain antitrust and patent claims against each other.

DuPont shares were up 1.6 percent at $75.30 in late afternoon trading on the New York Stock Exchange, while Monsanto shares were up about 1 percent at $122.85.

Tags
DuPont
Join the Discussion
More News
Trump

GOP Senator Theorizes That Epstein Was a Federal Asset After FBI Declares No 'Client List': 'The Dots Don't Add Up Cleanly'

Dead Body Found Wrapped in a Tarp in Goodwill Donation

Dead Body Found Wrapped in a Tarp in Goodwill Donation Bin

Man Was Held in Alaska ICE Detention for Weeks. Now

Toddler Dies After Being Left in Hot Car for Hours While Mom Got Lip Injections: Police

Jeffrey Epstein

Epstein's Brother Scoffs at FBI's Report Declaring He Killed Himself: 'I Laughed at How Stupid It Was'