MustGrow Biologics agrees to commercial licence agreement with Bayer covering Europe, Middle East and Africa

About this update from Mustgrow Biologics Corp.

[{"type":"text","content":"MustGrow Biologics agrees to commercial licence agreement with Bayer covering Europe, Middle East and Africa\n \n \n (NewsDirect)\n \n \n \n \n MustGrow Biologics CEO Corey Giasson\njoined Steve Darling from Proactive to share news the company has\nsigned a collaboration agreement with Bayer AG that focuses on the\nsoil applications of MustGrow's mustard-based biocontrol\ntechnologies across Europe, the Middle East, and Africa (EMEA).\n \n \n It's important to note that this\ncollaboration excludes home and garden, turf, and ornamental\napplications.\n \n \n Under this\ncollaboration agreement, MustGrow Biologics is set to receive an\ninitial upfront payment. Moreover, the company stands to gain\nadditional payments tied to the achievement of specific business\nmilestones.\n \n \n As a significant\nmilestone, once commercial sales commence, MustGrow will also be\nentitled to receive fees from royalties and manufacturing sales.\n \n \n The financial implications of this\ncollaboration are substantial, with MustGrow anticipating that the\ncombined value of upfront payments, milestone achievements, and\nDevelopment Work could amount to an impressive sum ranging from US$35\nto $40 million over several years. This projection does not even\ninclude the potential additional revenue from royalties and\nmanufacturing sales.\n \n \n This\npartnership between MustGrow Biologics and Bayer reflects the growing\nrecognition of MustGrow's innovative and environmentally friendly\nbiocontrol technologies, which have the potential to revolutionize\nagriculture and contribute to sustainable farming practices across the\nEMEA region.\n \n \n The collaboration marks a significant step forward\nfor both companies, positioning them as key players in the global\nagriculture industry's ongoing quest for effective, sustainable,\nand eco-friendly solutions.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2545,"tagName":"div"}]

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