Indianapolis-based Dow AgroSciences has signed an agreement with Exelixis Plant Sciences to speed Dow AgroSciences’ ability to find genes that control traits in corn and other crops.
Assets purchased include a library of patents and patent applications, laboratory equipment, software and a greenhouse in Woodburn, Ore. Terms of the deal were not released. Exelixis is a unit of Exelixis Inc. of South San Francisco.
Dow AgroSciences also will work with Exelixis to find traits that make plants perform better.
No immediate employment gains are expected at Dow AgroSciences’ northwest-side campus, said spokeswoman Kenda Resler Friend.
The company, which is developing genetically altered crops to gradually replace its long-time base of pesticides, is an arm of Dow Chemical Co. of Midland, Mich.