Issue Date: June 7, 2004
Verdia going to DuPont
DuPont has signed a definitive agreement to acquire Verdia, the plant science subsidiary of Maxygen, for $64 million in cash. The purchase will give DuPont worldwide rights to Maxygen's MolecularBreeding directed-evolution technology for agricultural applications. Scientists at Verdia and DuPont's Pioneer Hi-Bred unit recently reported on the use of the technology to introduce glyphosate herbicide resistance to corn (C&EN, May 24, page 10). DuPont expects to use the technology to introduce other crop traits as well.
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