Bayer CropScience Plans Major R&D Investment

Bayer CropScience, buoyed by soaring demand and prices for agricultural crops, has announced plans to invest €3.4 billion ($5 billion) in R&D between 2008-12. Almost €2.7 billion will be spent to develop “innovative crop protection products” and €750 million to find “new solutions in seeds and plant biotechnology.” Bayer CropScience made the announcement via a presentation at its Monheim, Germany headquarters last week. Bayer CropScience is planning to bring 10 crop protection active ingredients to market in 2008-12 with...

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