Bayer CropScienc To Raise R + D Budget

I own a few Bayer Shares and spotted this. I wonder what direction Bayer is headed. Rumour has it companies are again looking at different crop protection herbicides. The last few years GMO tech was everything

Bayer CropScience To Raise R+D Budget
FRANKFURT -(Dow Jones)- Bayer CropScience, a subsidiary of German chemicals
and pharmaceuticals company Bayer AG (BAY), Tuesday said it plans to increase
its budget for research and development to "some EUR750 million" by 2015.
Bayer said the R&D budget for 2005 was EUR664 million. speaking at a press
conference in Monheim Germany.
On Aug. 29, at the time of the company's first-half results, Bayer said it
expects sales from the crop science unit to decline in the full year.
The business achieved sales of EUR1.58 billion in the three months until the
end of June 2006, a 1.6% decline against the second quarter of last year.

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09-19-06 0416ET
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