17.04.2009 | permalink
Arcadia Biosciences, Inc, an agricultural technology company focused on developing technologies and products that benefit the environment and human health, and Advanta, a leading multinational seed company, today announced that the companies have reached a research and commercial development agreement for the development of Salt Tolerant sorghum. Under terms of the agreement, Advanta receives exclusive global rights to the use of Arcadia’s Salt Tolerance technology in sorghum. Arcadia receives an upfront payment, milestone payments and a share of commercial sales revenue. This agreement builds upon the agreement the two companies reached in January 2009 for the development of Nitrogen Use Efficient (NUE) sorghum.