“Discovery” companies invest heavily in screening new chemical, biological, and pharmaceutical compounds for useful traits that can be patented and developed commercially. These are often large companies with hundreds of millions of dollars in annual product sales. The largest of these companies in the crop chemical, seed and trait and animal health industries invest 9 percent or more of their annual product sales in research.
View the original article here: Agriculture R&D goes multinational, global – Malaya – Online Edition
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