Monsanto: our focus is on Argentina
07 July 2010
Managing Intellectual Property
After the Court of Justice of the EU ruled against Monsanto in a dispute over the import of soybean meal from Argentina, Managing IP asked the company to respond to the ruling
In a statement, Monsanto said it "simply wanted to be paid for the use of our technology" and would have preferred to be compensated in Argentina, where the soybean is grown: "Due to a change in Argentine patent law after the introduction of Roundup Ready soybeans, however, Monsanto's patent was disallowed and our ability to collect for the use of our technology was compromised."
It added: "We continue to believe that the correct place for a resolution of these matters is in Argentina and we will work with all stakeholders there to find fair and equitable solutions."
The company also confirmed that it settled the dispute with importers Cefetra and Alfred C Toepfer, which led to the referral, on June 11.
Despite the settlement, the Court of Justice published its decision in the case, in which it said that patented DNA sequences can only be protected when they...
Only subscribers have complete access to Managing IP Magazine,
log in or
subscribe now.
Alternatively take a
free trial, giving you 48-hour access to Managing IP Magazine (some articles and surveys may be excluded).
Subscribe Now
This article is available to subscribers. Please click subscribe to read the rest of the article.
Subscribe
Take a free trial
Please take a free 48-hour trial to gain limited access. Some articles and surveys may be excluded.
Take a free trial