Ecogen, Dow AgroSciences deal

EECN signed a letter of intent to acquire a sprayable Bt biopesticide product line from Dow affiliate Mycogen Corp. (San Diego, Calif.). Under the agreement, EECN would pay $500,000 in cash plus EECN stock. Mycogen said it expects its bioinsecticide business to record sales of $4-$5 million in 1999. ...