We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Monsanto (MON) Signs Deal with ToolGen for CRISPR Technology
Read MoreHide Full Article
Monsanto Company recently inked a global licensing agreement with ToolGen, Inc. (ToolGen), for an undisclosed amount. The deal, which is based on ToolGen’s CRISPR technology, is anticipated to help Monsanto innovate state-of-the-art crop-yield enhancing solutions for farmers.
ToolGen is a biotechnology company primarily focused on developing non-imitable genome editing technologies like CRISPR. Cultivators seek diverse seed choices for maximizing their crop yield and minimizing resource utilization. Hence, agricultural solutions, which help farmers deal with the changing climatic conditions, combat pests and plant diseases, as well as provide guidance for optimal resource deployment, have been enjoying high demand, of late. Agricultural researchers develop such solutions with the support of genome-editing technologies.
Per the latest deal, Monsanto will secure the complete set of intellectual property rights against ToolGen’s CRISPR genome-editing technology. The company noted that this move will likely diversify and fortify its presence in the agricultural research segment. It will further enhance Monsanto’s genome-editing tools portfolio which is used to develop sustainable and improved crops.
Existing Scenario
There is an ongoing trend of consolidation in the contemporary seed, trails and agricultural chemical industry. While E. I. du Pont de Nemours and Company (DD - Free Report) and The Dow Chemical Company (DOW - Free Report) inked a $140-million merger deal (likely to close on Aug 31, 2017), ChemChina successfully acquired Syngenta AG (SYT - Free Report) for $43 billion (closed on Jun 28, 2017). This drift has been making matters worse for Monsanto and increasing competitive pressure for the company. In addition, dismal pricing conditions in the agricultural market and foreign currency translation impact remain major causes of concern.
However, increasing demand for crop-yield enhancing products, strong innovation and the success of Bayer AG’s (BAYRY - Free Report) buyout deal, likely to close by the end of this year, are anticipated to bolster Monsanto’s top- and bottom-line performance in the quarters ahead.
Over the last month, shares of this Zacks Rank #3 (Hold) stock yielded a return of 0.88%, as against 0.05% loss incurred by the industry.
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars. This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Image: Bigstock
Monsanto (MON) Signs Deal with ToolGen for CRISPR Technology
Monsanto Company recently inked a global licensing agreement with ToolGen, Inc. (ToolGen), for an undisclosed amount. The deal, which is based on ToolGen’s CRISPR technology, is anticipated to help Monsanto innovate state-of-the-art crop-yield enhancing solutions for farmers.
ToolGen is a biotechnology company primarily focused on developing non-imitable genome editing technologies like CRISPR. Cultivators seek diverse seed choices for maximizing their crop yield and minimizing resource utilization. Hence, agricultural solutions, which help farmers deal with the changing climatic conditions, combat pests and plant diseases, as well as provide guidance for optimal resource deployment, have been enjoying high demand, of late. Agricultural researchers develop such solutions with the support of genome-editing technologies.
Per the latest deal, Monsanto will secure the complete set of intellectual property rights against ToolGen’s CRISPR genome-editing technology. The company noted that this move will likely diversify and fortify its presence in the agricultural research segment. It will further enhance Monsanto’s genome-editing tools portfolio which is used to develop sustainable and improved crops.
Existing Scenario
There is an ongoing trend of consolidation in the contemporary seed, trails and agricultural chemical industry. While E. I. du Pont de Nemours and Company (DD - Free Report) and The Dow Chemical Company (DOW - Free Report) inked a $140-million merger deal (likely to close on Aug 31, 2017), ChemChina successfully acquired Syngenta AG (SYT - Free Report) for $43 billion (closed on Jun 28, 2017). This drift has been making matters worse for Monsanto and increasing competitive pressure for the company. In addition, dismal pricing conditions in the agricultural market and foreign currency translation impact remain major causes of concern.
However, increasing demand for crop-yield enhancing products, strong innovation and the success of Bayer AG’s (BAYRY - Free Report) buyout deal, likely to close by the end of this year, are anticipated to bolster Monsanto’s top- and bottom-line performance in the quarters ahead.
Over the last month, shares of this Zacks Rank #3 (Hold) stock yielded a return of 0.88%, as against 0.05% loss incurred by the industry.
You can see the complete list of today’s Zacks #1 Rank stocks (Strong Buy) here.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>