Bayer to acquire AgraQuest
Bayer CropScience has agreed to acquire the US biopesticide company, AgraQuest (Davis, California), for $425 million plus milestone payments. AgraQuest is a major biopesticide R&D company, with a portfolio of seven new products expected to enter the market over the next 3-5 years, and owns five of the 73 biopesticides that have a registrant or producer ( Agrow No 638, p 38). Bayer says that it has bought a “promising biological pipeline”. The acquisition includes AgraQuest’s R&D and manufacturing facilities.