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Bayer to spend over 25 billion euros in crop science R&D over 10 years
Oct. 2, 2019
Bayer CropScience AG
GermanyFollow
Germany“Agriculture needs to feed a growing world without starving the planet,” Liam Condon, board member and head of the crop science division, said at a company event.
Investments in crop science unit last year, on a pro forma basis, amounted to 2.3 billion euros, Bayer said.
Activities within its development pipeline of breeding, biotech, crop protection and environmental science had an annual peak sales potential of 30 billion euros, of which 17 billion were expected to come from recent and near-term product launches, it said.
Source: Reuters
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