- 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 - 31 million
- Major Stockholders - DowElanco (57%), Pioneer Hi-Bred (6.5%), State of
Wisc. Invest. Board (5.5%), Capital Research & Management (5.2%).
- Analyst Coverage - Bear Stearns, BioScience Securities, Dain Bosworth,
Donaldson, Lufkin & Jenrette, JP Morgan, Piper Jaffray, Smith Barney
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: MycogenTM
brand seeds - principally corn, soybean, sunflower, sorghum and alfalfa
International - Argentina - Morgan seeds wholly-owned subsidiary;
Europe - Verneuil Holding (18.75%) equity interest with an option acquire another
(16.25%)
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 in Japan and Far East Asia.
Please Email Questions about Mycogen to Mycogen's Corporate Communications
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Copyright © Mycogen Corporation 1997
Last updated 1/29/97 by [email protected]