Monsanto acquires Duke University spin-out GrassRoots Biotechnology for undisclosed amount.
GrassRoots Biotechnology, a plant genetics research firm spun-out of Duke University, has been acquired by agricultural biotech conglomerate Monsanto.
Terms of the deal have not been disclosed, although Monsanto said that all research employees currently working at GrassRoots will be offered new positions in the company.
GrassRoots was originally spun-out from Duke in May 2007, commercialising the plant DNA research being conducted by professor Philip Benfey, also a director at the Duke Center for Systems Biology.
The acquisition is a…
