NEW YORK, Nov. 17 (GenomeWeb News) - Paradigm Genetics said today that it has signed a two-year extension of its herbicide discovery collaboration with Bayer CropScience.
This extension, which will take the partnership through Sept. 2006, is the second since the companies began the arrangement, and will include research fees and success fees for assay deliveries. Paradigm also stands to receive royalties from Bayer under the terms of the original deal.
Additional terms were not disclosed.
According to Paradigm, it began in 1998 working to discover novel herbicides that are to be developed and marketed by Bayer CropScience. The term of the inital deal was three years, and included the option for a two-year extension.