Keygene: Seeding European agbio By Karen Bernstein

Agricultural biotechnology has been shunned by U.S. investors as taking too long to mature with too little return, but in Europe, the success of companies such as Plant Genetic Systems in Belgium - which was acquired in 1996 by AgrEvo GmbH for $730 million - has made the field far more attractive. Keygene n.v. has enough faith in the field that it sold off human applications of its technology earlier this year.