The Heightened Importance of CROs for Agrochemical Companies
Some call it extremely demanding. Others call it risky. It’s the research, development, and registration of new chemistries, and it’s no secret that it’s a challenging process for agricultural product creators.
A CropLife International study pegs the cost at more than $280 million. During this lengthy period, many factors can complicate the process: Customer needs can change, new regulatory requirements can emerge, competitive products can preempt opportunities, to name a few. After all, these chemistries are some of the most regulated in the world, so the process requires thorough and repetitive testing.
“Moving new products to the farmer, especially in the renewable biological realm, requires rigorous product development, including regulatory strategy and field development in parallel with marketing and a robust technology adoption platform,” explains Jerry Duff, founder and president of AgriThority, an independent global science resource based in Kansas City, Missouri.
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A CropLife International study pegs the cost at more than $280 million. During this lengthy period, many factors can complicate the process: Customer needs can change, new regulatory requirements can emerge, competitive products can preempt opportunities, to name a few. After all, these chemistries are some of the most regulated in the world, so the process requires thorough and repetitive testing.
“Moving new products to the farmer, especially in the renewable biological realm, requires rigorous product development, including regulatory strategy and field development in parallel with marketing and a robust technology adoption platform,” explains Jerry Duff, founder and president of AgriThority, an independent global science resource based in Kansas City, Missouri.
Click Here to read more.