Evogene Partners With BASF To Develop Herbicide

December 10, 2015 | Israeli agricultural biotechnology company Evogene is partnering with chemicals giant BASF to develop new herbicides. Under the three-year cooperation agreement, Evogene will use its genetic-screening platform to identify new chemicals potentially useful as herbicides. Compounds that successfully pass the screening will continue in BASF’s development process, and if such chemicals are brought to market, it is believed that Evogene will receive royalty payments. Founded in 2002 and run by CEO Ofer Haviv, Evogene already has agreements with large agricultural and biotech companies companies such as Monsanto, Syngenta, and Bayer.