The Monsanto Company was an American agrochemical and agricultural biotechnology corporation that existed from 1901 until 2018 when it was acquired by Bayer. It was headquartered in Creve Coeur, Missouri. Monsanto developed Roundup, a glyphosate-based herbicide in the 1970s, and became a major producer of genetically engineered crops.
Monsanto was one of four groups to introduce genes into plants (1983), and was among the first to conduct field trials of genetically modified crops, (1987). It was one of the top 10 U.S. chemical companies until it divested most of its chemical businesses between 1997 and 2002, through a process of mergers and spin-offs that focused the company on biotechnology. Monsanto was one of the first companies to apply the biotechnology industry business model to agriculture, using techniques developed by biotech drug companies. In this business model, companies recoup R&D expenses by exploiting biological patents.
Monsanto’s roles in agricultural changes, biotechnology products and lobbying of government agencies and roots as a chemical company resulted in controversies. The company once manufactured controversial products such as the insecticide DDT, PCBs, Agent Orange and recombinant bovine growth hormone. Its seed patenting model was criticized as biopiracy and a threat to biodiversity.
In September 2016, Bayer announced its intent to acquire Monsanto for US$66 billion. After gaining US and EU regulatory approval, the sale was completed on June 7, 2018.
Industry | Agribusiness |
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Fate | Acquired by Bayer |
Founded | September 26, 1901; 117 years ago Reformed in 2000 |
Founder | John Francis Queeny |
Defunct | June 7, 2018; 5 months ago |
Related Technology Companies: | Enron, Dropbox, Cisco, Groupon, Fedex, Cemex, Xerox, Bose, GoPro, Nintendo, Aqualisa, Celcom, IMAX, Barco, Radio One, Capstone, Thomas Green, Foxconn |
Introduction Monsanto is a recognized leader in food systems and genetics. Monsanto is a pesticide and chemical manufacturer identifiable as a major biotechnology player. It is rapidly expanding through acquisition of diverse biotech establishments. Monsanto recently initiated a publicity campaign to encourage consumption of genetically engineered food. However, it was accused of manufacturing and selling […]
The case study authors reveal that the U. S. Eaten for Roundup expired In 2000, and by mid-2002, the newly spun-off Monsanto share price had fallen by 50% (Baccarat, Backup, Bar-Isaac, Cabal, & White, 2003). The first part of this paper explores the alternatives Monsanto could have taken to avoid the loss of revenue that […]
At this point Monsanto is one of the pioneers who successfully developed and patented presides over genetically change crops seeds. There is no doubt that companies must operate for profit and as much of this profit the company is able to accumulate that how good company really is. In order to fulfill wants of every […]
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