The market for imported drugs and Drug projects in the market now, BASF expects an Peak sales potential of 1.5 billion EUR, after previously EUR 1.4 billion. 70% of whom were already in 2009 been made, sources said. For active projects in the Further development is estimated at EUR 700 million peak sales potential.
The introduction of the newly developed herbicide "Kixor" into new markets and the continuous expansion of the Blockbuster fungicide boscalid in the market for field crops had to helped to increase the value of the pipeline, said BASF. Of Further benefit from the success of the crop protection business Fungicide F 500, which in addition to its good activity against fungal diseases a positive effect on plant health and vigor Affects crops.
Spending on research and development in BASF’s crop protection business, wants the information, according to year 2010 and increase again to 9% 10% of revenues to spend for it. 2009, this expenditure was 355 million increase.
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(END) Dow Jones Newswires
March 10, 2010 09:13 ET (14:13 GMT)
Copyright (c) 2010 Dow Jones & Company, Inc
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