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Agronomics Ltd - Isle of Man-based venture capital firm, which invests in the cellular agriculture field - Says Israeli Ministry of Health has granted regulatory approval for the "world's first" commercial sale of cultivated beef. Says Aleph Farms is the first company in the world to gain regulatory approval for its cultivated beef product.
Agronomics says it is aware of multiple companies, including those within its portfolio, that are expecting regulatory approvals for cultivated meat and seafood products across several markets.
Executive Chair Jim Mellon says: "This approval is another significant step forward for our industry and shows the commitment among an increasing number of jurisdictions to find more sustainable production methods to meet the increasing global demand for protein. We look forward to seeing some of Agronomics' portfolio companies achieving this significant milestone in the near future."
Current stock price: 10.70 pence
12-month change: down 18%
By Sophie Rose, Alliance News senior reporter
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