how much and how long does a gmo variety cost a biotech company to develop on average?

Expert response from Cynthia Stauffer

Director, Global Regulatory Affairs – Seeds, Bayer

Thursday, 21/07/2016 17:32

Thank you for your question. In 2013, GMO Answers answered a similar question that asked about the cost and time associated with bringing a hybrid to market with one or more transgenic traits. As cited in 2013, the discovery, development and authorization costs to introduce either a new biotechnology plant hybrid or variety is reported to be $136 million with a timeframe of around 13 years. Please see this question and answer here.