The Associated Press, October 18, 2006
Herculex, an artist’s impression
INDIANAPOLIS — Dow Chemical Co.’s Dow AgroSciences LLC unit said Wednesday that corn growers will have access to certain insect-resistant traits in time for the 2007 growing season, under an agreement with DuPont Co.’s Pioneer Hi-Bred International Inc. subsidiary.
The two companies, which co-developed the Herculex family of insect resistance for corn, agreed to eliminate a provision that would have delayed when Dow AgroSciences could license Herculex RW Rootworm Protection and Herculex XTRA Insect Protection to other seed companies.
Financial terms of the agreement were not disclosed.
The Herculex traits protect corn against black cutworm, western bean cutworm and the European corn borer.
Black Cutworm Moth
Western Bean Cutworm Moth
European Corn Borer Moth
Shares of Dow Chemical rose 38 cents to $39.60 in morning trading on the New York Stock Exchange. DuPont’s stock gained 23 cents to $45.18, also on the NYSE.