Monsanto Net Worth is18.6 12-Month Sales Growth (%)
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Monsanto Company (NYSE: MON) is a publicly traded American multinational agricultural biotechnology corporation headquartered in Creve Coeur, Missouri. It is a leading producer of genetically engineered (GE) seed and of the herbicide glyphosate, which it markets under the Roundup brand. Founded in 1901 by John Francis Queeny, by the 1940's it was a major producer of plastics, including polystyrene and synthetic fibers. Notable achievements by Monsanto and its scientists as a chemical company included breakthrough research on catalytic asymmetric hydrogenation and being the first company to mass-produce light emitting diodes (LEDs). The company also manufactured controversial products such as the insecticide DDT, PCBs, Agent Orange, and recombinant bovine somatotropin. Monsanto was among the first to genetically modify a plant cell, along with three academic teams, announced in 1983, and was among the first to conduct field trials of genetically modified crops, which it did in 1987. It remained one of the top 10 U.S. chemical companies until it divested most of its chemical businesses between 1997 and 2002, through a process of mergers and spin-offs that focused the company on biotechnology.
Monsanto was a pioneer in applying the biotechnology industry business model, developed by Genentech and other biotech drug companies in the late 1970s in California, to agriculture. In this business model, companies invest heavily in research and develop and recoup the expenses through the use and enforcement of biological patents. Monsanto's application of this model to agriculture, along with a growing movement to create a global, uniform system of plant breeders' rights in the 1980s, came into direct conflict with customary practices of farmers to save, reuse, share and develop plant varieties. Its seed patenting model has also been criticized as biopiracy and a threat to biodiversity. Monsanto's role in these changes in agriculture (which include its litigation and its se

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Monsanto Latest News

Monsanto strikes back on glyphosate

MONSANTO STRIKES BACK ON GLYPHOSATE: Monsanto is pointing to a deposition in the ongoing U.S. class action suit brought by farmers who say their cancer is linked to glyphosate that reveals the International Agency for Research on Cancer unfairly ...
Posted: August 17, 2017, 7:00 am

Monsanto licenses CRISPR technology from biotech company

Monsanto has signed a licensing agreement with ToolGen, a biotechnology company specializing in genome editing, for the use of ToolGen’s CRISPR technology platform to develop ag products. The license provides Monsanto with access to ToolGen’s suite of ...
Posted: August 17, 2017, 8:15 am

Monsanto Was Its Own Ghostwriter for Some Safety Reviews

Monsanto Co. started an agricultural revolution with its “Roundup Ready” seeds, genetically modified to resist the effects of its blockbuster herbicide called Roundup. That ability to kill weeds while leaving desirable crops intact helped the company ...
Posted: August 11, 2017, 6:13 am

Monsanto and ToolGen Announce Global Licensing Agreement on CRISPR Platform, Underscore the Benefits of Innovation for Farmers

ST. LOUIS & SEOUL, South Korea--(BUSINESS WIRE)--Monsanto Company (NYSE: MON) and ToolGen, Inc. (KONEX, 199800), a biotechnology company specializing in genome editing, announced today that the companies have reached a global licensing agreement for the ...
Posted: August 16, 2017, 6:19 am

Farmers' Toxic Advice Suit Against Monsanto Moves Ahead

Law360, San Francisco (August 17, 2017, 9:18 PM EDT) -- A Missouri federal judge on Thursday trimmed a putative class action that claims Monsanto Co. encouraged farmers to use the highly volatile and drift-prone herbicide dicamba on their genetically ...
Posted: August 17, 2017, 6:38 pm
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