Source: Bayer CropScience

Bayer CropScience and BASF Plant Science announced a long-term collaboration agreement to improve rice productivity through plant biotechnology. The companies aim to develop and commercialize hybrid rice seeds with traits enabling yield advances of 10 percent or more over conventional hybrid rice seeds. In this global, non-exclusive agreement, BASF Plant Science licenses yield-increasing technologies to Bayer CropScience for commercialization in Bayer CropScience's Arize hybrid rice. The agreement encompasses all major rice growing geographies, with first products expected to be launched by 2020.

The companies will communicate and work closely with key rice stakeholders as the products near commercialization. The final products will be brought to farmers by Bayer CropScience. Financial details of the collaboration were not disclosed.

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