Corteva invests in Lavie Bio, the ag subsidiary of Evogene

August 15, 2019
Emerging Ecosystems in Agrifood and Health More...
by Joshua Haslun
Very important

Corteva received a 30% equity stake in Lavie Bio as well as certain undisclosed rights to the company's corn and soy pipelines, and Evogene acquired Taxon Biosciences, a microbial genomics and gene discovery platform developer Corteva acquired in 2015. This strategic move passes Taxon's technologies on to Lavie Bio, but Corteva retains some access through it stake. Corteva continues to advance consumer access to biologicals, mainly through partnerships (outside of livestock solutions), as evidenced by this and its recent partnership with Stoller Group. The strategy allows Corteva to focus resources on its development pipeline, while Lavie gains a massive new market in Corteva's corn and soy customers for its future biologicals.

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