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BASF (BASFY.PK) and Monsanto (MON) plan to commercially launch a drought-tolerant variety of...

BASF (BASFY.PK) and Monsanto (MON) plan to commercially launch a drought-tolerant variety of genetically modified corn in the U.S. next year, a senior BASF official says. The two companies have a revenue sharing arrangement, with 60% of revenue going to MON and the rest to BASF.
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