Are all GMO plants bad?

I am generally opposed to genetically modified vegetables, grains, and fruit, especially by Monsanto, because they seem designed more for profit than for the benefit of mankind. (Monsanto grains have caused problems for other crops, and don’t create seed crops, but new seeds need to bought every season.)

But hybrids have helped produce heartier and more productive versions of plants throughout history.

I love papayas but read this article about transgenic papaya.

I don’t know if this was done in the lab or through grafting of some sort. Should a standard be set that differentiates between breeding in the garden or orchard versus the laboratory?