Ginkgo Bioworks Advances Collaboration with Merck to Improve Biologics Manufacturing
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Ginkgo Bioworks has achieved the first milestone in its partnership with Merck to enhance biologics manufacturing, resulting in a $9 million research milestone payment.
November 12, 2024 | 1:15 pm
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Ginkgo Bioworks has completed the first milestone in its collaboration with Merck, earning a $9 million payment. This achievement highlights progress in their biologics manufacturing partnership.
The completion of a milestone in the partnership with Merck and the associated $9 million payment is a positive development for Ginkgo Bioworks. It indicates progress in their collaboration and provides a financial boost, likely leading to a positive short-term impact on the stock price.
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