Capitalizing on its vast platform of life extending technologies, Sirtris announced today that it has expanded its scope into the agriculture industry by granting an exclusive license agreement to the crop science subsidiary of multi-national German conglomerate, Bayer AG. The agreement covers "worldwide rights in the field of plants to a certain Sirtris technology that contributes to cellular life span extension and stress resistance." Sirtris will receive an initial up-front payment and potential future success bound milestone payments. However, specific payment terms were not disclosed.
Without knowing the specific details of the agreement it is difficult to assess the revenue potential of this agreement. However, the agriculture industry is a huge global business and any technology that can economically and safely improve yields should prove to be lucrative.
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