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| Bayer signs pact with GVK Bio |
| BS Reporter / Chennai/ Hyderabad Nov 25, 2009, 00:20 IST |
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Bayer CropScience AG, a subsidiary of Germany-based global crop sciences major Bayer AG, and GVK Biosciences Private Limited (GVK Bio) of Hyderabad have entered into a research cooperation agreement in the area of early discovery chemistry here on Tuesday.
The objective of the agreement is to speed up the search for promising active ingredients for innovative crop protection products. Under the agreement, Bayer CropScience will integrate GVK Bio capacities in the early part of its discovery chemistry process.
“We want to further speed up the development of our successful crop protection R&D pipeline and we look forward to working with GVK Bio, Asia’s leading contract research organisation,” Alexander Klausener, head of research at Bayer CropScience, stated in a press release.
“This cooperation in the area of early discovery chemistry will help Bayer CropScience to further increase efficiency in its research. It will also help our company to participate in the quickly developing scientific environment in India,” he added.
According to GVK Bio president Manni Kantipudi, agriculture and crop sciences research is a key focus area for GVK Bio, which has built "world-class capabilities in early discovery chemistry.”
With expenditures of euro 649 million in research and development in 2008, Bayer CropScience is one of the leading innovative companies in the agricultural industry.
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