Ginkgo Bioworks

The U.S. Food and Drug Administration (FDA) announced its plans to end the mandatory animal testing of new drugs, a move that sent AI-enabled biotech companies such as Recursion Pharmaceuticals Inc. (NASDAQ:RXRX) and Ginkgo Bioworks Holdings Inc. (NYSE:DNA) rallying last week. What Happened: On...

Cronos Group Inc. (NASDAQ: CRON) (TSX:CRON) launched a CBC-focused product, the Spinach FEELZ THC+CBC Day Trip Mango Lime gummies, utilizing Ginkgo Bioworks’ platform for organism design and development. The Spinach FEELZ Day Trip gummies feature a 3:1 ratio of CBC to THC or 10mg of THC and...

On Wednesday, the Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced the launch of what it is calling the first cannabis edible in Canada to contain THC and cultured cannabigerol (CBG) from fermentation in a sweet gummy for adult consumers. The product, dubbed SPINACH FEELZ...

Global merger and acquisition activity topped $1 trillion in the second quarter of 2021, with the U.S alone topping $500 billion. This was the third quarter in a row that this happened globally and in the U.S. The second quarter started strong with four of the five largest deals announced in the...

A well seasoned SPAC management team announced a SPAC deal Tuesday to bring a cell programming company public. The SPAC Deal: Ginkgo Bioworks is going public in a SPAC deal with Soaring Eagle Acquisition Corp (NASDAQ: SRNG) that values the company at a pre money equity value of $15 billion. Soaring...

Synlogic, Inc. (NASDAQ: SYBX) announced a platform collaboration to speed up the development of Synlogic’s pipeline of Synthetic Biotic medicines using Ginkgo’s cell programming platform. The agreement provides an $80.0 million equity investment at a premium in Synlogic by Ginkgo and...

A four-day week shortened by Labor Day still brought substantial news in the cannabis sector.  “Even though this week was a shortened trading week, there were still lots of financial deals happening. Cronos Group agreed to a partnership with Gingko Bioworks that could be worth $122...