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| | PANNA: Indian Govmt Will Revoke Agracetus Cotton Patent, Allen Spalt, Rural Advancement Foundation International Press ... |
 | | According to the Business Standard of Calcutta, the Indian Government, under clause 66 of the Indian Patent Act, 1970, decided to summarily revoke the patent, "because of its far-reaching implications for India's cotton economy." The action was taken last month, and reported in the Business Standard on 18 February. |
 | | The controversial US Patent No. 5,159,135 was granted to Agracetus, a biotechnology subsidiary of W.R. Grace Corporation, on October 27, 1992, giving the company monopoly control over all transgenic cotton plants and seeds until the year 2008. |
 | | W.R. Grace is a major agrochemical corporation, with 1992 annual sales of (US) $6.3 billion.In addition to the US and India, Agracetus has applied for similar patents in other major cotton producing countries, including Brazil and China. |
| www.panna.org /resources/pestis/PESTIS.burst.434.html (714 words) |
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