Monsanto And Novozymes Close BioAg Alliance
On February 10, 2014, Monsanto issued a press release announcing that Monsanto and Novozymes are closing The BioAg Alliance. According to the release, "[t]he announcement follows the satisfaction of relevant closing conditions and the receipt of required regulatory approvals. Both companies will now focus on implementing the long-term strategic alliance. The BioAg Alliance is unique in the industry, bringing together Novozymes' commercial BioAg operations and capabilities within microbial discovery, development and production with Monsanto's microbial discovery, advanced biology, field testing and commercial capabilities. The result will be a comprehensive research, development, and commercial collaboration for sustainable microbial products to help farmers globally meet the challenge of producing more with less — for the benefit of agriculture, consumers, the environment and society at large." A copy of Monsanto's press release is available online.