Argentina Says Monsanto Intacta Soy Patent May Take Months
- Property rights agency still reviewing patent, minister says
- Approval for Monsanto's GMO soybean seed may miss 2015-16 crop
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Monsanto Co. may have to wait months to gain approval in Argentina for a patent on its latest genetically modified soybean technology, another setback for the world’s largest seed company in its years-long quest to collect royalty payments from the country’s farmers.
Monsanto’s Intacta soybean seed still lacks full patent approval from the Argentine regulator, the country’s Science and Technology Minister Lino Baranao said Friday.