PPI strikes second licensing deal with Bayer CropScience

Performance Plans Inc (PPI) has licensed its second technology to Bayer CropScience AG in two years with the signing of an R&D licence agreement for its Heat & Drought Tolerance Technology in cotton. The deal between Kingston ON-based PPI and Monheim Germany-based Bayer CropScience will give the latter exclusive rights to the technology, which preserves a plant's tolerance to heat, drought or combined stress so that it can achieve higher yields under hot and dry conditions. In 2009, Bayer CropScience (a subgroup of Bayer AG) licensed PPI's Yield Protection Technology for the development and commercialization of its drought tolerant cotton. Bayer will use PPI's technologies to strengthen its leadership position in the global cotton market. Privately held PPI has licensed many of its technologies to global seed companies….