- History

Mycogen develops and markets technology-based seed and biopesticide products and and provides crop protection services to control agricultural pests and improve food and fiber production.

Capitalization

Venture capital - five rounds, 1983-86
R & D Funding & Private Placements - DowElanco, Pioneer Hi-Bred, Kubota, Japan Tobacco, others
IPO - June 1987 - 1.6 million shares at $11.00
Secondary offerings:
- 1990 - 2.5 million shares at $17.75
- 1991 - 2.0 million shares at $14.50
Total Common Shares Outstanding - 30.7 million
Major Stockholders - DowElanco (52%), Pioneer Hi-Bred (6.5%) State of Wisc. Invest. Board (6%), Capital Research & Management (5%).
Analyst Coverage - Bear Stearns; BioScience Securities; Dain Bosworth, Donaldson, Lufkin & Jenrette; JP Morgan, Piper Jaffray

Acquisitions

Safer, Inc., 1990 - Commercial and agricultural rights to environmentally compatible fatty acid pesticides
Soilserv, Inc., 1991 - Provides crop protection services to growers of high value crops in Salinas Valley.
Mycogen Seeds, 1992 - Formerly Agrigenetics Co., a division of Lubrizol Corp.
United Agriseeds, 1996 - Lynks and Keltgen seed brands formerly owned by DowElanco
Morgan Seeds, 1996 - Argentina's third largest seed company; sales base for South America

Organizational Structure

Mycogen Seeds
Focus: Market crop seeds with built-in insect resistance, other value-added characteristics.
Products: Mycogen^TM brand seeds - principally corn, soybean, sunflower, sorghum and alfalfa
Subsidiaries - France, Italy, Argentina
Corporate Relationships - DowElanco - strategic alliance; Pioneer Hi-Bred - technology collaboration for various Bt crops; Ciba Seeds - technology collaboration for corn hybrids with Bt-based resistance to European corn borer.

Mycogen Crop Protection
Focus: Environmentally compatible crop protection and pest control; crop protection services
Products: Currently markets four environmentally compatible foliar sprays based on Bacillus thuringiensis (Bt) biotoxins and four fatty acid-based products.
Services: Soilserv Inc. provides crop protection services for high value crops in Salinas Valley, Calif., and Yuma, Ariz.
Corporate Partners - Kubota, Japan Tobacco - biopesticide marketing: Japan, Far East

Please Email Questions about Mycogen to Mycogen's Corporate Communications

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Last updated 9/17/96 by [email protected]