Question
how much and how long does a gmo variety cost a biotech company to develop on average?
Submitted by: mahdi
Answer
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.
Video: GMO Answers at SXSW