Ginkgo execs also pointed out that the influx of Zymergen personnel, once the deal closes, will fill planned hiring needs in 2023. In June 2019,Ginkgo and Synlogic signed a platform collaborationto support the latters synthetic bionic medicines pipeline. Neither Zymergen nor Ginkgo assumes any duty to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, as of any future date. Both companies have worked on developing products for the food and agriculture industries but more recently moved into healthcare. Learn more at www.solvay.com. Through this multi-year collaboration, well show Solvay how the power of synthetic biology can enable their development of more sustainable chemicals and materials, and contribute to the transition towards environmentally-friendly solutions. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Ginkgo's ability to realize the expected benefits from the acquisition. The startup raised $9 million in March, so that gives the. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Ginkgo's and Zymergen's control. This blog post contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. BOSTON and EMERYVILLE, Calif., Oct. 19, 2022 /PRNewswire/ -- Today, Ginkgo Bioworks (NYSE: DNA), the leading horizontal platform for cell programming, and Zymergen (Nasdaq: ZY) announced that Ginkgo has completed its previously announced acquisition of Zymergen. Ark Invest first began purchasing shares of the Ginkgo Bioworks SPAC on August 3 and now owns 14.5 million shares worth about $150 million. Ginkgos stock has similarly flailed since its September 2021 IPO, falling 71.8% since. Virtual Event: May 31 Ginkgo Bioworks "You can expect to see us move more aggressively into biopharma," Ginkgo Bioworks' co-founder and CEO, . Ginkgo also bought Zymergen for $300 million. Synthetic biology can help companies across a wide breadth of markets reach their environmental and economic goals at the same time, and its thrilling to work with a partner taking such a big swing at sustainability. With this strategic collaboration and expansion, Solvay will be able to integrate deep competencies in bioinformatics, data science, strain engineering, biocatalysis and fermentation processes. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. Ginkgo-Bioworks-Zymergen-scale-synthetic Nous, Yahoo, faisons partie de la famille de marques Yahoo. Changes in plasma C1q, apelin and adropin concentrations in older from 8 AM - 9 PM ET. But to prove their mettleand repay investorsthe start-ups need their new and better microbes to be put to work churning out products that people will buy. dvelopper et amliorer nos produits et services. Biopharma firms will step up efforts to develop more drugs and vaccines based on mRNA, and to broaden these efforts beyond COVID-19. Subject to necessary closing conditions and approvals, the deal is anticipated to conclude in the first quarter of next year. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Ginkgo Class A common stock will continue to trade on NYSE under the ticker symbol DNA. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Ginkgos ability to realize the expected benefits from the acquisition. "Today marks an important step in our long-term growth as we complete the Zymergen acquisition and welcome their world-class team to Ginkgo," said Jason Kelly, CEO and co-founder of Ginkgo Bioworks. Even though Ginkgo ended the quarter with $1.5 billion in cash, Kelly told Endpoints there were several key reasons why the deal only involved stock, including investor upside and preserving cash margins. . The company's platform is enabling biotechnology applications across diverse markets, from food and agriculture to industrial chemicals to pharmaceuticals. Login or create a forever free account to read this news. The price controls that the IRA imposes on medicines offered through Medicare may have the unintended consequence of reducing the number of new therapeutics created to respond to unmet medical needs, warned Jim Greenwood, Alex Pinson, and Jamie Gregorian of DLA Piper. Ferment 2023 is April 19! Statements in this press release that are forward-looking, including the expected benefits of Ginkgo's acquisition of Zymergen, are based on management's current estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond Ginkgo's and Zymergen's control. This comprises machine learning and data science tools of Zymergen to study known and unknown genetic design spaces. Ginkgo Bioworks Completes Acquisition of Zymergen So far, 40% of Zymergen investors have pre-approved the deal, Ginkgo CEO Jason Kellytells Endpoints News. Shares of biotechnology firm Zymergen ( ZY) jumped 20% during the morning session. You are cautioned not to rely on Ginkgo's and Zymergen's forward-looking statements. Both Zymergen and Ginkgo engineer microbes to act as tiny chemical plants, but they pursue different business models. Solvay is listed on Euronext Brussels and Paris (SOLB). Ginkgo Acquires Zymergen Ginkgo Bioworks Solvay, a leading science and materials company whose technologies bring benefits to many aspects of daily life, today announced a strategic collaboration with Ginkgo Bioworks (NYSE: DNA), which is building the leading platform for cell programming and biosecurity. In addition, Zymergen will progress its cost restructuring measures, including headcount reductions and programme optimisation. These forward-looking statements are applicable only as of the date of such statements. New Kinpo Group | Total Manufacturing Solutions Provider Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Ginkgo's ability to realize the expected benefits from the acquisition. 25, 2022, 07:01 AM. 11 min read Acquisition is expected to accelerate the development of Ginkgo's innovative horizontal synthetic biology platform Fasting blood samples were collected 3 days before the first and 4 days after the last training . According to the agreement, 5.25% of the pro forma merged business will be owned by the stockholders of Zymergen following the acquisition. This deal is expected to substantially boost Ginkgos platform by merging robust automation and software expertise, as well as knowledge across various diverse biological engineering methods. Growing regulatory acceptance of cell and gene therapies26 have been approved by the FDA, 4 in 2022 alonewill spur additional development efforts. Neither Zymergen nor Ginkgo assumes any duty to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, as of any future date. New Kinpo Group (Daye Office) No.10, Daye Rd., Beitou District, Taipei City 112, Taiwan (R.O.C) Phone: +886-2-7705-8001 Acquisition is expected to accelerate the development of Ginkgo's innovative horizontal synthetic biology platform . The synbio player further cut 100 jobs last October and renegotiated a $100 million loan with Perceptive after that August blowout. In Q3, $3.6 billion was invested in 56 deals, compared with $7.14 billion and 135 deals a year earlier. One is BioNTech, which in September presented promising follow-up data from its ongoing Phase I/II trial (NCT04503278; 2019-004323-20) assessing its wholly owned novel chimeric antigen receptor (CAR) T-cell therapy candidate BNT211 in patients with relapsed or refractory advanced solid tumors. Ginkgo Bioworks 2023. The "Global Synthetic Biology Market Size, Share, Growth Analysis, By Products, By Application, By Tool, By Technology - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.. Ginkgo to acquire Zymergen for $300m A self-amplifying mRNA collaboration that was announced last November could generate more than $4 billion for Arcturus Therapeutics, which will partner with CSL to develop vaccines for COVID-19, influenza, pandemic preparedness, and three undisclosed globally prevalent respiratory infectious diseases. Last year began with Pfizer and Beam Therapeutics launching an up-to-$1.35 billion mRNA base editing collaboration. Boston, MA 02210, Tracking Pathogen Variants with Rwanda Biomedical Centre, New Biosecurity Capabilities in the Democratic Republic of the Congo, Growing Ginkgos Platform with Digital Technology, Copyright Zymergen had been exploring its strategic options for a while, a spokesperson told Endpoints. Ginkgo put out word early Monday it is acquiring Zymergen in an all-stock deal, valuing the Emeryville, CA-based synthetic biology biotech at around $300 million. And then number two, obviously, it helps us preserve our cash margin of safety, like we said, right, we are protective of cash. 19 Oct, 2022, 09:08 ET BOSTON and EMERYVILLE, Calif., Oct. 19, 2022 /PRNewswire/ -- Today, Ginkgo Bioworks (NYSE: DNA ), the leading horizontal platform for cell programming, and Zymergen. Ginkgo Bioworks Acquires Zymergen | QB3 According to the Alliance for Regenerative Medicine, developers of cell therapies, cell-based immune-oncology therapies, gene therapies, and tissue engineering therapies raised a total $6.4 billion and oversaw 2,093 active trials during the first half of 2022less than half the $14.1 billion and 11% below the 2,358 trials of H1 2021. SOLVAY ANNOUNCES STRATEGIC COLLABORATION WITH GINKGO BIOWORKS AND EXPANDS ITS R&I FOOTPRINT IN UNITED STATES. Zymergen partners with nature to make better products, a better way, for a better world. Copyright 2023 Genetic Engineering & Biotechnology News. Some of these predictions are among the seven biopharma-related trends that GEN has uncovered in its interviews with experts and other industry stakeholders, and in its reviews of reports and public statements. Through this multi-year strategic collaboration agreement, Solvay will join forces with Ginkgo to unlock the power of synthetic biology as an enabler of more sustainable chemicals and materials, contributing to the transition towards more environmentally-friendly solutions. Under the terms of the merger agreement entered into on July 24, 2022, Zymergen stockholders received, for each share of Zymergen common stock, 0.9179 shares of Ginkgo Class A common stock. The years largest deal at deadline was Amgens $27.8 billion purchase of Horizon Therapeutics, announced December 12, followed by Pfizers $11.6 billion purchase of Biohaven Pharmaceuticals, completed October 3. The deadline for that loan is January 2024. The all-stock deal values Zymergen at $300 million market capitalization, a far cry from its roughly $3 billion valuation at its initial public offering last April. . Zymergen is a biotech company that designs and produces molecules, microbes and materials for diverse end markets. Zymergen shares will no longer be traded on Nasdaq. Ginkgo Bioworks Completes Acquisition of Zymergen According to PwC, during 2022 (up to November 15), deal value reached $137.8 billion (down 49% from 2021) in 266 deals (down 28%). Signage is displayed at the Ginkgo Bioworks, The Inside Story Of How SoftBank-Backed Zymergen Imploded Four Months After Its $3 Billion IPO, As Biology Manufacturing Company Zymergen Implodes, Correspondence With SEC Showed Early Doubts, As Synthetic Biology Company Ginkgo Bioworks Starts Trading, Its Five Founders Briefly Become Billionaires. This growth platform complements the companys activities in three other key areas: battery materials, green hydrogen and thermoplastic composites. Cell Therapy Services, Sustainable Innovation in Generic API Space with Centrient. Solvay announces strategic collaboration with Ginkgo Bioworks and This alliance will start by focusing on new sustainable biopolymers, specialties which could tangibly impact a breadth of markets, from home and personal care to agriculture and food. To learn more about Ginkgo Enzyme Services, please visit ginkgobioworks.com/enzyme-services/. For more information, visit www.ginkgobioworks.com. Is Ginkgo Bioworks synthetic biology story worth $15 billion? | MIT Synthetic biology, or synbio, has disrupted industries as diverse as agriculture, food, and fashion, in addition to the biopharma industry. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, what impact they will have on the results of operations, financial condition or cash flows of Zymergen or Ginkgo. The law lets Medicare set prices for some small-molecule drugs 9 years after FDA approval, versus 13 years for biologics. GINKGO BIOWORKS INVESTOR CONTACT: Second Time Around, +5 more Rutgers, The State University of New Jersey-Newark, +2 more Ching-Chi Lin . Additional information concerning these risks, uncertainties and assumptions can be found in Ginkgo's and Zymergen's respective filings with the SEC, including the risk factors discussed in Ginkgo's most recent Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q, in Zymergen's most recent Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q, and in Ginkgo's future filings with the SEC. The slowdown in private and public financings is one factor expected to drive merger and acquisition (M&A) deals in 2023, Baral remarked. Sign up for the QB3 newsletter. As part of this partnership, Solvay will also acquire a Ginkgo (formerly Zymergen) laboratory in Cambridge, Massachusetts. Japanese bank SoftBank was the most notable investor in Zymergen, leading a $400 million funding round in 2018. After Ginkgo merger, 110 job cuts planned at Zymergen - San Francisco Dcouvrez comment nous utilisons vos donnes personnelles dans notre Politique de confidentialit et notre Politique relative aux cookies. You know, wed like that. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! These factors include, among other things, general economic and business conditions; changes in global, political, economic, business, competitive, market and regulatory forces; judicial decisions; changes in tax laws, regulations, rates and policies; future business acquisitions or disposals; litigation and the ability of the combined company to protect its intellectual property rights; and the timing and occurrence (or non-occurrence) of other events or circumstances that may be beyond Ginkgo's and Zymergen's control. Dont miss an event, emerging technology, or news article. With the acquisition, Ginkgo intends to incorporate key automation and software technologies of Zymergen to mount strain engineering capability into its Foundry. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 7 months after biotech pivot, Zymergen is acquired by Ginkgo The Groups innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Jul 25, 2022,09:23am EDT Listen to article Share to Facebook Share to Twitter Share to Linkedin Topline Ginkgo Bioworks acquired biotechnology firm Zymergen, the synthetic biology companies. Boston biotech startup Ginkgo Bioworks just gained an extra $45 million in Series B funding from an "oversubscribed" list of investors. July 26, 2022 Nearly a year since a retreat from rosy revenue projections that led to its CEO quitting and its stock nearly collapsing, Zymergen has found a buyer in Ginkgo Bioworks, which. The slower pace of private and public financing and the lower values of deals seen in 2022 will continue into this year. As the global demand for sustainable solutions rises, the performance of. Founded in 1863, Solvay today ranks among the worlds top three companies for the vast majority of its activities and delivered net sales of 13.4 billion in 2022. Oct 26, 2022 Listen to this article 3 min Zymergen, which once soared to 800 employees as it looked to turn microbes into an array of consumer, therapeutic and other sustainably made products,. Ginkgo Bioworks 2022 Dealmaker of the Year - Boston Business Journal The global synthetic biology marketsize was valued at USD 11 billion in 2021 and is poised to grow from USD 13.09 billion in 2022 to USD 55.37 billion by 2030, growing at a CAGR of 18. . Zymergen: Ginkgo Bioworks Acquisition - Seeking Alpha Filed by Ginkgo Bioworks Holdings, Inc. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to. Its expected to significantly enhance our platform by integrating strong automation and software capabilities as well as providing a wealth of experience across diverse biological engineering approaches. You are cautioned not to rely on Ginkgo's and Zymergen's forward-looking statements. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. For more information, visit www.ginkgobioworks.com. He added, Those three categories will see us do a lot more deals., Ginkgo completed plenty of deals in 2022, including a partnership with Merck & Co. to engineer up to four enzymes toward active pharmaceutical ingredient manufacturing (up to $144 million in milestones). In our case, it's fantastic to be able to integrate platform capabilities from Zymergen and make them accessible to our partners so quickly, said, Jason Kelly, CEO and co-founder of Ginkgo Bioworks, Solvay is a science company whose technologies bring benefits to many aspects of daily life. Biotech is the future and this step is an important milestone for our growth platform. 96%. Shares of Zymergen rose 28.5% to $2.57 in pre-market trading Monday, while Ginkgo shares rose 2.4% to $2.99. Statements in this press release that are forward-looking, including the expected benefits of Ginkgo's acquisition of Zymergen, are based on management's current estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond Ginkgo's and Zymergen's control. "Today marks an important step in our long-term growth as we complete the Zymergen acquisition and welcome their world-class team to Ginkgo," said Jason Kelly, CEO and co-founder of Ginkgo Bioworks. As part of this partnership, Solvay will also acquire a Ginkgo (formerly Zymergen) laboratory in Cambridge, Massachusetts. Ginkgo BioWorks has signed a definitive agreement for the acquisition of biotechnology company Zymergen in an all-stock deal worth nearly $300m. These factors include, among other things, general economic and business conditions; changes in global, political, economic, business, competitive, market and regulatory forces; judicial decisions; changes in tax laws, regulations, rates and policies; future business acquisitions or disposals; litigation and the ability of the combined company to protect its intellectual property rights; and the timing and occurrence (or non-occurrence) of other events or circumstances that may be beyond Ginkgos and Zymergens control. Last spring, GEN reported on companies applying emerging technologies that included Cas13-encoding mRNA, circular mRNA, programmable mRNA, and self-amplifying mRNA. When typing in this field, a list of search results will appear and be automatically updated as you type. Greater Boston. Ginkgo Bioworks To Acquire Zymergen In All-stock Deal Zymergen co-founder Josh Hoffman stepped down as chief executive on the same day. Ginkgo has also actively supported a number of COVID-19 response efforts, including K-12 pooled testing, vaccine manufacturing optimization and therapeutics discovery. Filing of Certain Prospectuses and Communications in Connection - ADVFN Now imagine. This observation was shared with GEN by Subin Baral, partner and global life sciences deals leader of Ernst & Young. Supporters counter that the law benefits patients through price curbs such as the $35/month cap on insulin. 27 Drydock Avenue, 8th Floor It has lesser interest in the. So thats a good thing. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Ginkgo's and Zymergen's control. Ginkgo is building a platform to enable customers to program cells as easily as we can program computers. Ginkgo BioWorks hassigneda definitive agreement for the acquisition of biotechnology company Zymergen in an all-stock deal worth nearly $300m. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, what impact they will have on the results of operations, financial condition or cash flows of Zymergen or Ginkgo. Have you registered yet? Industry watchers will be paying close attention to data that is expected to be released by developers of cancer vaccines. He added, The access to capital that all these companies enjoyed back in 2019, 2020, and the early part of 2021I dont think well see that in the near term.. The transaction received unanimous approvals from the boards of directors of Ginkgo and Zymergen. Ginkgo to acquire synbio competitor Zymergen - Chemical & Engineering News Zymergen, which sought to use synthetic biology technology to develop eco-friendly products in areas ranging from paper packaging to pest control, largely failed to deliver on its vision, and its stock cratered last year after the company said it expected no product revenue in 2021 and immaterial product revenue in 2022. Solvay is a science company whose technologies bring benefits to many aspects of daily life. PRESS RELEASE PR Newswire. Let's go. The Groups innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. By signing up you agree to receive content from us. All rights reserved. However, that price is a long way from its peak last year, when it was trading at more than $34 a share. Ginkgo also bought Zymergen for $300 million. Private equity deal activity in the pharmaceutical industry in The US decreased by 27% in Q1 2023, Communications in life sciences: Uncovering the Unlocked survey results, Medicines adherence: Overcoming pharmas biggest barrier to treatment success, Untangling the Complexities of Cell and Gene Therapy Clinical Trials: A Supply Chain Perspective, Major Depressive Disorder - Global Drug Forecast and Market Analysis to 2029, Cystic Fibrosis - Global Drug Forecast and Market Analysis to 2030, Ginkgo and Synlogic signed a platform collaboration, Rilzabrutinib by Principia Biopharma for Acquired (Autoimmune) Hemolytic Anemia: Likelihood of Approval, Zifanocycline by KBP Biosciences for Community-Acquired Bacterial Pneumonia: Likelihood of Approval, (Avibactam + aztreonam) by AbbVie for Hospital Acquired Pneumonia (HAP): Likelihood of Approval, ANX-005 by Annexon for Acquired (Autoimmune) Hemolytic Anemia: Likelihood of Approval.
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