Evogene and Verb Biotics Enter Collaboration Agreement to Advance Probiotic Innovation, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Evogene Ltd. (NASDAQ:EVGN) and Verb Biotics LLC. have entered into a collaboration agreement to develop new strains of probiotic bacteria aimed at improving human health and vitality. The partnership will leverage Evogene's MicroBoost AI technology and Verb Biotics' expertise in microbiome health to enhance genetic pathways in microbes for novel metabolite production. Financial terms of the agreement were not disclosed.
February 06, 2024 | 12:10 pm
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Evogene enters a strategic partnership with Verb Biotics to develop innovative probiotic strains using its MicroBoost AI technology, aiming to enhance human health.
The collaboration with Verb Biotics positions Evogene at the forefront of probiotic innovation, potentially leading to significant advancements in health-related products. This partnership could enhance Evogene's reputation in computational biology and microbiome research, likely attracting investor interest and potentially boosting stock value in the short term. The lack of disclosed financial terms makes it challenging to quantify the immediate financial impact, but the strategic nature of the partnership suggests positive prospects.
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