Biotech Corn Is Inadvertently Shipped

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Forbes
03.22.2005, 02:46 PM

Biotechnology company Syngenta AG said Tuesday it mistakenly sold to consumers tons of experimental genetically engineered corn never approved by U.S. regulators.

Syngenta said the corn, inadvertently shipped between 2001 and 2004, doesn't pose any health risks because it's similar to a Syngenta product approved by federal regulators.

The Swiss company said it discovered the mistake itself and reported it to federal authorities. An afternoon news conference was planned.

In trading Tuesday afternoon, U.S.-traded Syngenta shares fell 1 cent to $21.83 in light trading on the New York Stock Exchange. The stock has traded in a 52-week range of $13.93 to $23.26.

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