Verdia going to DuPont | Chemical & Engineering News
Volume 82 Issue 23 | p. 12 | Concentrates
Issue Date: June 7, 2004

Verdia going to DuPont

Department: Business

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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