Monsanto — a leading global provider of agricultural products for farmers in the United States and internationally – says it will continue Beeologics’ work to promote bee health under its ownership.
Beeologics is focused on biological research. Among its current projects is a product candidate being developed to help protect bee health – use a naturally-occurring process to provide targeted pest and disease control.
“The expertise Beeologics has developed will enable Monsanto to further explore the use of biologicals broadly in agriculture. Monsanto will use the base technology from Beeologics as a part of its continuing discovery and development pipeline. Biological products will continue to play an increasingly important role in supporting the sustainability of many agricultural systems. Both companies expect that their combined research could provide farmers with novel approaches to the challenges they face,” reads a statement on Beeologics’ website.
Beeologics has offices in Rehovot and Miami.
Financial details of the acquisition deal were not released.