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Mark WONG -
Managing Director - Emergent Genetics - USA |
April 2002 |
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Where do you
see the seed industry going in the next 5 to 10 years? |
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The next ten
years will see the success or failure of biotechnology in
agriculture. From a technology standpoint the major crops:
corn, cotton, soybeans and rice will be sequenced. We will
know much more than today about genes and their function. But
will we have the vision to create new products demanded by the
consuming public? And will we have the technology to regulate
and control these genes to create the products we have
envisioned? If we do not create
more than the handful of biotech products that we have today
two things may happen. First the biotech providers, each
spending huge amounts of money on product development will
reassess their committment based on return to their
shareholders and cut back significantly on their funding.
Secondly, public acceptance without the draw of new useful
products for consumers will remain a high barrier to entry for
the industry. |
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