RE: Anyone17 Nov 2022 07:42
Agronomic worth £135M...
full-scale commercialisation, cellular agriculture has the capacity to make a meaningful contribution to the world's food production sustainably. It is projected that by 2040, cultivated meat could reach 35% of the global meat market.
This is a timely achievement for the sector given global concerns surrounding food security and climate change, which have come to the forefront in recent years. There is an urgent need to adopt new methods for food production to combat these challenges. The Company remains confident that cell culturing technologies, and cultivated meat produced from these processes, will play a vital role in the coming decades.
Jim Mellon, Co-Founder and Executive Director of Agronomics commented: -
"We are extremely pleased to see the first approval of a cultivated meat product in the US. Not only is this a massive market, but the FDA is considered one of the most stringent regulatory bodies globally for food safety.
This approval is a landmark event for the field of cellular agriculture and should give investors comfort that the path to commercialisation is now clear.