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
Elizabeth Ferguson

Texas Woman Viciously Bludgeoned in Random Lunchtime Attack Breaks Silence: 'Those Entire Two Days are Completely Gone'

Elon Musk

Election Officials Call Elon Musk a 'Huge Problem' For His Role in Spreading Misinformation Ahead of Election Day

Man Fed Up with Sister Cleaning His Room Gets Court

Man Fed Up with Sister Cleaning His Room Gets Court to Make Her Stop

Candace Craig and Salia Hardy

Maryland Woman Reveals Mom's Sick Plot to Dispose of Dismembered Grandma's Body Using Chainsaw and A Grill

Real Time Analytics