[Federal Register Volume 63, Number 188 (Tuesday, September 29, 1998)]
[Notices]
[Page 51953]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26039]
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DEPARTMENT OF JUSTICE
Antitrust Division
Notice Pursuant to the National Cooperative Research and
Production Act of 1993--Biotechnology Research & Development
Corporation (``BRDC'')
Notice is hereby given that, on June 12, 1998, pursuant to Section
6(a) of the National Cooperative Research and Production Act of 1993,
15 U.S.C. 4301 et seq. (``the Act''). Biotechnology Research and
Development Corporation (``BRDC'') has filed written notifications
simultaneously with the Attorney General and the Federal Trade
Commission disclosing changes in its membership status. The
notifications were filed for the purpose of extending the Act's
provisions limiting the recovery of antitrust plaintiffs to actual
damages under specified circumstances. Specifically, Seminis Vegetable
Seeds, Inc., Woodland, CA has been added as a party to this venture.
On May 20, 1998, BRDC issued to Seminis Vegetable Seeds, Inc.
(``Seminis''), and Seminis purchased from BRDC, 746\2/3\ shares of
common stock, without par value, of BRDC. Simultaneously, with the
issuance and purchase of the shares of the common stock, BRDC and
Seminis entered into an Agreement to be bound by the terms and
conditions of the BRDC Master Agreement effective as of June 10, 1998,
by and among BRDC and its common stockholders. Seminis has the rights
set forth in the BRDC Master agreement in all project technology made,
discovered, conceived, developed, learned, or acquired by or on behalf
of BRDC in connection with, or arising out of, or as the result of, a
research project in existence while Seminis is a common stockholder of
BRDC.
No other changes have been made in either the membership or planned
activity of the group research project. Membership in this group
research project remains open, and Biotechnology Research and
Development Corporation (``BRDC'') intends to file additional written
notification disclosing all changes in membership.
On April 13, 1988, Biotechnology Research and Development
Corporation (``BRDC'') filed its original notification pursuant to
Section 6(a) of the Act. The Department of Justice published a notice
in the Federal Register pursuant to Section 6(b) of the Act on May 12,
1988 (53 FR 16919).
The last notification was filed with the Department on May 9, 1997.
A notice was published in the Federal Register pursuant to Section 6(b)
of the Act on June 5, 1997 (62 FR 30882).
Constance K. Robinson,
Director of Operations, Antitrust Division.
[FR Doc. 98-26039 Filed 9-28-98; 8:45 am]
BILLING CODE 4410-11-M
