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Business
BASF acquires biotech firm
May 22, 2006
| A version of this story appeared in
Volume 84, Issue 21
BASF has acquired CropDesign, a Belgian biotechnology company that develops crop traits such as drought tolerance and enhanced yield. Founded in 1998, the firm employs more than 70 people at an R&D center in Gent, Belgium, that will become part of BASF Plant Science. BASF says the purchase complements its existing gene discovery activities. The two companies signed a license and R&D agreement in December 2005.
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