What's Going On With Ginkgo Bioworks (DNA) Stock?
Portfolio Pulse from Ryan Gustafson
Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) shares traded higher after the company announced that Voodoo Scientific will use Ginkgo's Enzyme Services to optimize an enzymatic solution for distillers to produce ultra-premium spirits. Voodoo's solution manages the harsh sensation produced by most distilled alcoholic beverages. Ginkgo will use its expertise in protein discovery and design to advance the crucial enzyme required for Voodoo's product.
June 28, 2023 | 8:49 pm
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POSITIVE IMPACT
Ginkgo Bioworks' partnership with Voodoo Scientific to optimize an enzymatic solution for distillers could potentially increase Ginkgo's revenues and enhance its market position.
The partnership with Voodoo Scientific could potentially increase Ginkgo's revenues as it provides its Enzyme Services to optimize a solution for distillers. This could also enhance Ginkgo's market position as it demonstrates its capabilities in protein discovery and design.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100