Solid day15 Nov 2022 16:51
BSFA is a UK pioneer in a few ways
Current standard of lab grown meat is an "unstructured" meat mass, think burger patties, sausages, chicken nuggets etc.. no structure. BSFA technology means they can grow an actual steak ie “structured” muscle...
BSFA's unique serum-free and animal-free cell booster City-mix means that a plant-based scaffold is not required. This means this is one of the world's first 100% cultivated meat fillets to be produced. (a fillet being "structured" meat)
Lab grown meat sector has seen significant investment recently. EatJust have a targeted $3bn IPO valuation and have raised $650m in funding to date, they have the world’s first lab grown chicken nugget. Upside foods have designed the first cultured beef meatball. Has raised $206m
Could see this trading £50m+ all day long and vs american peers this current valuation is silly low.
This is not forgetting BSFA also have many other strings to their bow such as
- First ever company to grown a human cornea (Currently, the thinness of the cornea is one of the most common reasons for patients not being able to receive laser eye surgery. The company hope to agree a licencing for an upfront payment, milestone payments and royalties.)
- BSFA have the ability to also lab grow leather for the fashion industry and are in discussions here
- BSFA own IP in a collagen-producing molecule. It actively increases collagen production in human skin cells. This can be used in cosmetic products to prevent wrinkling and in pharma products to enhance wound care
- BSFA's CityMix growth serum has been developed from agro-industrial by-products, meaning its cheap, natural and animal free. It has been shown to facilitate muscle and fat cell growth at comparable rates to traditional serums. It removes the need for expensive animal serums. This is potentially a game changer for lab grown meat companies, given it is a tenth of the price of serum currently, this will only get cheaper as they add scale.