Bayer Acquires Crop Biotech Firm Athenix | August 24, 2009 Issue - Vol. 87 Issue 34 | Chemical & Engineering News
Volume 87 Issue 34 | p. 19 | Concentrates
Issue Date: August 24, 2009

Bayer Acquires Crop Biotech Firm Athenix

Department: Business
Keywords: Bayer CropScience, Athenix, Acquisition

Bayer CropScience will acquire Athenix, a privately held company in Research Triangle Park, N.C., that develops herbicide tolerance and insect control traits for corn, soybeans, and other crops. According to Bayer, Athenix has about 65 employees with experience in gene discovery. Bayer adds that the purchase will both strengthen its attractiveness as a seed business partner and generate additional trait fee income. Athenix has partnerships with Bayer rivals DuPont, Syngenta, and Monsanto.

 
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