Showing posts with label plant biotechnology. Show all posts
Showing posts with label plant biotechnology. Show all posts

Monday, June 18, 2012

Biggest Plant Biotech Patent Expiry: Roundup Ready Soybean Patent Expires soon



The world’s most widely adopted biotech trait, Roundup Ready® soybeans, is set to go off patent soon in the U.S. – the last applicable Monsanto-owned patent is expected to expire in 2014. Monsanto is amending all Roundup Ready soybean trait licenses to extend through the final patent expiration. As a result, the last crop year for which Monsanto will collect royalties on the technology is 2014. Licensees have no obligation to destroy or return seed due to expiration of the Roundup Ready soybean trait licenses. Monsanto will not use variety patents against U.S. farmers who save varieties containing the Roundup Ready trait for planting on their own farms after expiration of the trait patent. Farmers should check with seed suppliers regarding the