Thursday, August 21, 2008

Monsanto's getting out of the bovine growth hormone biz

Just today, it was announced that Monsanto has sold its Posilac synthetic hormone (aka rBST, rBGH) to veterinary pharmaceutical company Eli Lilly & Co. for a whoppin' $300 million bucks, plus "contingent consideration" -- whatever that entails. At the end of the day, Monsanto's stock rose, Lilly's fell a little, and now we'll wait to see what happens next, as Lilly inherits the criticism Monsanto earned while pushing this hormone and bullying companies in court who'd sought to label their own dairy products as hormone-free. The Organic Consumers Association has tons of info on the hormone and its effect on cows.

1 comment:

David Gerard said...

I'm hoping satire will stick in people's heads when facts are just washing over them, raise awareness.