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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
AgChem R&D Costs Up 68% in 10 Years
11:08 PM MST | February 28, 2010 | Alex Scott
Costs associated with the discovery, development and registration of new pesticides have increased 68.4% in the past 10 years to an average of â‚¬189 million ($255 million), according to a study by Phillips McDougall (Edinburgh, U.K.), an agribusiness consulting firm. The study was commissioned by agchem manufacturing groups Crop Life America (Washington, DC) and European Crop Protection Association (ECPA; Brussels). Â Overall expenditure by agchem firms on R&D by the companies surveyed is expected to increase by a further 26.4% between 2007 and 2012, with the...
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