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Besieged Monsanto To Let GM Soybean Patents To Expire

January 21, 2010: 09:22 AM EST
Under investigation by the U.S. Dept. of Justice and battered by a steep drop in stock value, Monsanto says it will let some bioengineered farm seeds become generic by allowing patents to expire, beginning with Roundup Ready soybeans in 2014. According to Business Week, the beleaguered company will continue to vigorously protect its newer genetically modified seeds, including herbicide-resistant soybeans and corn. With the expiration of the company’s seed patents, rivals like DuPont will be able to make less expensive versions and farmers will be able to plant the seeds from their own harvests without legal hassles.
Jack Kaskey, "Monsanto Will Let Bio-Crop Patents Expire", Business Week, January 21, 2010, © BLOOMBERG L.P.
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