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08:50GMT 16Dec2008-Plant Health Care rises on Monsanto deal

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Shares in Plant Health Care rise 17.5 percent to 218 pence as the group reaches an agreement to license its harpin seed treatment to U.S. biotech company Monsanto Co for row crops and vegetables.

'Today's confirmation that Monsanto will deploy harpin in its seed-coating product for soybeans, corn, cotton and certain vegetables gives investors the long-term visibility they have been waiting for,' says Philip Sparks at Evolution Securities.

He estimates the deal could generate about 15 million pounds a year of earnings in the medium term, and the U.S. sales of harpin as a seed coating could be worth 450 pence per share on their own.

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08:47GMT 16Dec2008-Kesa falls on poor H1 results, downgrades

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Plant Health Care plc surges 16 percent after announcing its wholly owned subsidiary, Plant Health Care Inc, and Monsanto Co have entered into an agreement for the commercialisation of harpin-based technology as a seed treatment in Monsanto's major row crops and vegetables.

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