Ginkgo Bioworks Reports Acquisition Of AgBiome's Platform Assets
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks has acquired AgBiome's platform assets, including over 115,000 strains, 500 million gene sequences, and AgBiome's development pipeline. These assets will be integrated into Ginkgo Ag Biologicals Services, enhancing Ginkgo's metagenomics database.

April 11, 2024 | 11:19 am
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Ginkgo Bioworks' acquisition of AgBiome's assets significantly enhances its agricultural biologicals services and metagenomics database, potentially boosting its market position and product offerings.
The acquisition of AgBiome's assets by Ginkgo Bioworks is likely to have a positive short-term impact on Ginkgo's stock (DNA) due to the significant enhancement of its agricultural biologicals services and metagenomics database. This strategic move not only expands Ginkgo's product offerings but also strengthens its position in the biotech industry, potentially leading to increased investor confidence and market value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90