BASF takes root in China

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BASF Plant Science and China’s National Institute of Biological Sciences (NIBS) have announced a cooperation and licensing agreement in biotechnology. Financial details of the agreement were not disclosed.

‘Asia is emerging as a key player in plant biotechnology both in research and cultivation and we are striving to intensify partnerships in this dynamic region,’ said Dr Hans Kast, president and CEO of BASF Plant Science. ‘Europe, on the contrary, is losing its competitiveness due to slow and contradictory political decisions.’

The agreement is BASF Plant Science’s first in China and focuses on increasing the yield of stable crops such as corn, soybeans and rice. Under the agreement NIBS retains the right to market crops in China and BASF obtains the exclusive rights to develop and commercialise transgenic crops with the discovered genes outside China.

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