Biotech Updates

DuPont to Increase Investment for Seed Product Development

March 2, 2007

DuPont will execute a $100 million reinvestment plan to increase its speed-to-market for new seed products. "The global demand for agricultural crops is very strong," said William S. Niebur, vice president of DuPont Crop Genetics Research and Development. "We have the science to help farmers and others across the value chain meet the growing demand”.

The research investment is the largest year-to-year increase in the 81-year history of Pioneer, a unit of the DuPont Agriculture and Nutrition platform. Aside from increasing investment in plant genetics, biotechnology and other high-value growth opportunities, it will expand research and development efforts at 67 of its research centers worldwide.

Read the complete press release at http://www.pioneer.com/web/site/portal/menuitem.42d3be822101324084a62fe5d10093a0/.