January 13, 2010 (FinancialWire) — Monsanto Co. (NYSE: MON) and Irish biotechnology firm Stokes Bio Ltd., have entered into a licensing agreement and R&D collaboration, which is expected by the firms to help accelerate the pace of new advancements in plant breeding.

Under the agreement, Monsanto has exclusive rights to Stokes Bio’s patented technology for use in agriculture.

In plant breeding, genotyping or gene analysis is used to identify the seeds or plants with the most desirable characteristics, such as better yield or disease resistance. Currently, gene analysis is limited by the number of samples that can be processed at one time and the turnaround time per sample.

Stokes Bio’s system utilizes microfluidic technology that claims to provide the same evaluations using much smaller sample sizes as little as 1/1000th of what is currently required which continually flow through the system in nanoliter-size droplets.

The instrument can evaluate up to 100,000 data points per hour, making it more efficient than currently-used methods of gene analysis, according to the company. Monsanto is a provider of technology-based solutions and agricultural products.

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