Monsanto Co. (NYSE:MON) and a division of Bayer AG (Other OTC:BAYRY.PK), Bayer CropScience LP, have entered an agreement in relationship to a new fungicide product which will treat corn crops.
The new treatment would be used in the early corn season, and would protect seedlings against insects and diseases during that period of growth. It's said to be a significant improvement over past remedies.
Monsanto has exclusive rights under the terms of the deal to market the new product under its Dekalb corn brand label. It will also be empowered to license the new product through its licensing division.
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