Monsanto seeks investments in life sciences

Reuters News
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Posted: Apr 14, 2011 10:21 AM
Monsanto seeks investments in life sciences

KANSAS CITY, Missouri (Reuters) - Monsanto Co, the world's largest seed company, said Thursday it was pursuing investments into life sciences companies to stay on the edge of new technologies that could be applied to agriculture.

St. Louis-based Monsanto said it was collaborating with venture capital firm Atlas Venture, for a multiyear deal in which Atlas will identify strategic investments in "early-stage" life sciences companies whose technology could be applied to agriculture.

Continued innovation for agriculture is "critical," said Steve Padgette, Monsanto's research and development investment strategy lead.

"Our collaboration with Atlas will provide a great opportunity for us to get an early look at promising new technologies that could potentially be introduced into our biotechnology, breeding and agronomic practices work to drive yields even further," he said in a statement.

Terms of the agreement were not disclosed.

(Reporting by Carey Gillam)