Monsanto Strikes Deal to Develop Plant Microbes

Dec. 10, 2013 7:10 p.m. ET

Monsanto Co. is teaming up with a Danish biotech company to develop microscopic organisms that help plants grow and resist pests, a move that could enable the U.S. agribusiness giant to circumvent some concerns over its genetically modified seeds.

The world's largest seed company agreed to pay Novozymes A/S $300 million as part of the deal, in which the companies plan to combine their efforts to cultivate helpful microorganisms, such...

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