Basel, Switzerland
July 28, 2004
Syngenta announced today that its US subsidiary Syngenta
Seeds, Inc. has filed a lawsuit against
Monsanto Company and
Monsanto Technology LLC to challenge Monsanto’s monopolization
of biotechnology corn seed in the US.
This lawsuit was filed in Federal
District Court in Delaware and asserts that Monsanto has engaged
in a pattern of illegal and improper activities to maintain its
monopoly in key corn traits in the US, including Monsanto’s
attempts to prohibit Syngenta from competing with GA21, an
established and proven glyphosate-tolerant corn trait. These
attempts include trying to force seed companies to stop
producing GA21 seeds, to destroy GA21 inventories, and to adhere
to exclusive dealing contracts.
Syngenta announced its acquisition
of GA21 rights on May 12, 2004. It plans to offer the technology
through its NK® brand, the Garst and Golden Harvest brands(1),
and through licenses with other seed companies for the 2005
growing season.
(1) Subject to the regulatory
approval of these acquisitions announced on 12 May and 25 June
2004
Syngenta is a world-leading
agribusiness committed to sustainable agriculture through
innova-tive research and technology. The company is a leader in
crop protection, and ranks third in the high-value commercial
seeds market. Sales in 2003 were approximately $6.6 billion.
Syngenta employs some 19,000 people in over 90 countries.
Syngenta is listed on the Swiss stock exchange (SYNN) and in New
York (SYT). |