Syngenta buys Pasteuria Bioscience Inc. for $86 million


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Fri. September 21st, 2012

<p><strong>Greensboro, NC</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Syngenta has announced its newest deal with Pasteuria Bioscience, Inc., a US based biotechnology company. In recent years, Syngenta and Pasteuria have developed and commercialized biological products to control plant-parasitic nematodes.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Nematodes, known as an issue amongst crops, leave growers with limited solutions. Also known as roundworms, nematodes are nearly invisible to the naked eye. Though their microscopic size, the parasites can create severe to complete damage to various plants. http://nematology.umd.edu/nemaintro.html<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">With the new partnership, an introduction of specific products will complement Syngenta’s existing chemical nematicide range, which will be available to a variety of crops including vegetables.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Payments of $86 million with additional deferred payments will be made underway to Pasteuria Bioscience, Inc.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://Syngenta.com/" target="_new"> Syngenta </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">