Biotech Updates

BASF Stops EU Approval Bid for GM Potatoes

February 6, 2013

The German plant biotech company BASF Plant Science has announced that it will "discontinue the pursuit of regulatory approvals for the Fortuna, Amadea, and Modena potato projects in Europe because continued investment cannot be justified due to uncertainty in the regulatory environment and threats of field destructions."

In the same press release, the company said it will also no longer pursue research and development activities into nutritionally enhanced corn for strategic reasons. The company, however, intends to strengthen its effort in developing high yielding and stress resistant crops in its research headquarters in the United States. A key focus of its new plant biotech research strategy will be in delivering fungal resistant corn.

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