Agronomics Ltd - Isle of Man-based alternative proteins company - Sells total holding of 23,147 shares in Insilico Medicine Inc for USD669,775. Insilico Medicine was a legacy portfolio holding, acquired for GBP92,755 between June 2017 and July 2018. The proceeds will provide Agronomics with further funding for new and existing opportunities within the field of cellular agriculture, it notes. Also says remaining legacy positions in the portfolio continue to be monitored and will be sold down as opportunities arise.
Separately, says portfolio company LegenDairy Foods GmbH has conducted the first ever consumer acceptance study on precision fermentation-made animal free dairy. Says findings of study, published in the journal Frontiers in Sustainable Food Systems, show that consumers around the world are ready for cheese made from real milk proteins produced by microorganisms.
Current stock price: 22.90 pence
Year-to-date change: up 76%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Agronomics (ANIC)