BASF Plant Science and Crop Functional Genomics Center (CFGC), the leading South Korean consortium for crop research, signed a cooperation and licensing agreement on October 4 in Seoul. The agreement includes the discoveries by 200 top researchers from 40 renowned research institutes over 10 years. The deal focuses on plant traits, which can increase yield and improve stress tolerance in major crops such as rice and corn. CFGC will contribute discovery work with genes that have shown "proof of concept" (proven practical results), while BASF Plant Science will be responsible for the further analysis and development of the genes. CFGC will grant BASF Plant Science exclusive licensing rights in important staple crops like rice and corn outside South Korea, while CFGC will maintain all licensing rights within Korea.
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