Thursday, July 26, 2007

Biotech sector sets standards, seeks to ease fears

(Reuters) - U.S. biotech crop companies on Wednesday unveiled a plan for new industry standards at a time when the sector faces unfavorable court rulings and concerns that lax government oversight is allowing contamination of conventional crops.

Leaders of the Biotechnology Industry Organization (BIO) and executives with Monsanto Co. and DuPont Co., said they hoped the plan, which includes third-party auditing, would help agricultural players around the world feel confident that biotech crop development is subject to stringent safety standards.


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