Ginkgo Bioworks Acquires Microbial Innovation Firm AgBiome's Platform Assets

RTTNews | hace 607
Ginkgo Bioworks Acquires Microbial Innovation Firm AgBiome's Platform Assets

(RTTNews) - Ginkgo Bioworks (DNA), which is building the leading platform for cell programming and biosecurity, announced Thursday the acquisition of microbial innovation firm AgBiome, Inc.'s platform assets, including over 115,000 fully sequenced and isolated strains, over 500 million unique gene sequences, and relevant functional data and metadata, as well as AgBiome's development pipeline.

These assets will be integrated into Ginkgo Ag Biologicals Services, established with the acquisition of a Bayer agricultural biologicals R&D facility in 2022, and will expand Ginkgo's proprietary unified metagenomics database.

Combined, this creates one of the deepest and most advanced ag biological discovery and development platforms as well as a rich resource for the development of AI models for biological R&D.

Also included in the acquisition is a robust product concept pipeline including a dozen product candidates with greenhouse or field validation. These validated assets create a rich foundation for future partnered programs, as well as a diverse resource of metagenomic data for genomic mining and AI model training.

read more
Ginkgo Bioworks Expects To Meet FY23 Revenue Guidance Ranges

Ginkgo Bioworks Expects To Meet FY23 Revenue Guidance Ranges

Ahead of its presentation at the 42nd Annual J.P. Morgan Healthcare Conference later on Wednesday, Ginkgo Bioworks (DNA) said it expects to meet its previously disclosed new program and revenue guidance ranges in 2023, based on its preliminary unaudited estimates.
RTTNews | hace 699
Ginkgo Bioworks To Acquire Zymergen In All-stock Deal

Ginkgo Bioworks To Acquire Zymergen In All-stock Deal

Cell programming firm Ginkgo Bioworks Holdings, Inc. (DNA) and biotechnology company Zymergen, Inc. (ZY) announced Monday they have entered into a definitive agreement under which Ginkgo will acquire Zymergen in an all-stock transaction that values Zymergen at an approximately $300 million market capitalization.
RTTNews | hace 1233
UK Stocks Move In Tight Range; FTSE Down Slightly

UK Stocks Move In Tight Range; FTSE Down Slightly

UK stocks moved in a tight band Tuesday morning with investors making cautious moves while looking ahead to the Federal Reserve's monetary policy announcement on Wednesday, and the post meet conference by Fed Chair Jerome Powell.
RTTNews | hace 2h 12min
U.S. NFIB Small Business Confidence Index Rises More Than Expected

U.S. NFIB Small Business Confidence Index Rises More Than Expected

U.S. small businesses turned more confident than expected in November on stronger sales growth expectations, but the uncertainty continued to rise as firms delayed their investment plans, survey data from the National Federation of Independent Business showed on Tuesday.
RTTNews | hace 2h 31min