Team Led By Ginkgo Bioworks Awarded Funding To Develop Algal Crop Protection Solutions By U.S. Department Of Energy
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks has been awarded funding by the U.S. Department of Energy to develop algal crop protection solutions. This initiative is part of a broader effort to enhance agricultural sustainability and productivity through innovative biotechnology.

December 19, 2023 | 12:09 pm
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Ginkgo Bioworks, represented by the ticker DNA, has received funding from the U.S. Department of Energy to develop algal crop protection solutions, which could lead to future growth and innovation in sustainable agriculture.
The funding from the U.S. Department of Energy is a positive development for Ginkgo Bioworks as it not only provides financial resources but also validates the company's expertise in biotechnology applied to agriculture. This could lead to increased investor confidence and potential growth opportunities in the sustainable agriculture sector, which is likely to have a positive impact on the company's stock price in the short term.
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