Welcome to our dedicated page for Ginkgo Bioworks Holdings news (Ticker: DNA), a resource for investors and traders seeking the latest updates and insights on Ginkgo Bioworks Holdings stock.
Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) is pioneering the field of synthetic biology by providing an innovative horizontal platform for cell programming. Specializing in flexible, end-to-end services, the company addresses diverse challenges across multiple sectors including food, agriculture, pharmaceuticals, industrial chemicals, and specialty chemicals. Ginkgo Bioworks is organized into two primary segments: Cell Engineering and Biosecurity, with the latter contributing the majority of the company's revenue through data analytics and related services.
One of Ginkgo Bioworks' recent highlights includes the acquisition of AgBiome's platform assets, significantly enhancing its R&D capabilities in agricultural biotechnology. This move has expanded Ginkgo's proprietary metagenomics database, creating a rich resource for AI model development. Furthermore, the company is actively engaged in partnerships to amplify its technological reach, such as its collaboration with Il Granaio delle Idee to enhance sourdough bakery strains and with GreenLab to produce brazzein, a high-intensity sweetener, on a commercial scale.
Ginkgo Bioworks is also a key player in biosecurity, developing advanced infrastructure and technologies to predict, detect, and respond to biological threats. The company's upcoming Biofab1, a fully integrated lab data center expected to open in mid-2025, is part of its strategic plan to streamline operations and achieve adjusted EBITDA breakeven by the end of 2026.
Additionally, Ginkgo's platform is making significant strides in the AI and data generation space, offering services that help clients leverage high-quality data for more effective R&D. Notably, the company recently hosted its 5th annual Ferment conference, where it showcased new products and technological advancements to a global audience.
Despite facing some financial challenges, including a need to regain compliance with NYSE listing standards due to stock price fluctuations, Ginkgo remains committed to its mission. The company continues to innovate and form strategic partnerships, such as its recent agreement with Sojitz Corporation to penetrate the Japanese market, enhancing its role in the global bioeconomy.
For more information, visit ginkgobioworks.com or follow them on social media platforms like X (@Ginkgo and @Ginkgo_Biosec), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks), and LinkedIn.
IARPA, Ginkgo Bioworks (NYSE: DNA), and Draper have successfully completed the FELIX program, aimed at enhancing biodetection capabilities for genetically engineered organisms. The collaboration resulted in the development of advanced computational tools, particularly ENDAR software, which enables the detection of engineered DNA in complex biological samples. This breakthrough promises to transform national biosecurity efforts by providing faster, more accurate monitoring. Results will be presented on October 17, 2022, at 11 am Eastern on YouTube.
Ginkgo Bioworks (NYSE: DNA) announced a collaboration with Merck to develop up to four engineered enzymes for drug manufacturing. This partnership leverages Ginkgo's expertise in biocatalysis and enzyme optimization, aiming to enhance Merck's pharmaceutical production efficiency. The agreement includes an upfront research fee and potential milestone payments totaling up to $144 million. Ginkgo's innovative approach focuses on utilizing fungal strains for enzyme expression, which may lower production costs and improve supply chain resilience.
Ginkgo Bioworks (NYSE: DNA) announced the acquisition of Circularis, a biotechnology firm specializing in circular RNA and promoter screening technologies. This acquisition aims to enhance Ginkgo's capabilities in cell and gene therapy, particularly in RNA therapeutics, by leveraging Circularis's platform for high-throughput screening of gene expression regulatory elements. The move is expected to strengthen Ginkgo’s offerings across various biopharmaceutical applications, including collaborations with industry leaders like Biogen and Moderna.
Ginkgo Bioworks (NYSE: DNA) has announced the acquisition of Altar, a French biotechnology firm specializing in adaptive laboratory evolution (ALE). This strategic tuck-in acquisition aims to enhance Ginkgo's capabilities by integrating Altar's automated ALE instruments into its Foundry, supporting a range of industries including food, biofuels, and healthcare. Ginkgo's partnership with Altar has been fruitful, and the integration is expected to improve strain engineering for various applications, addressing challenges in creating optimized microorganisms under industrial conditions.
The White House has announced the appointment of Renee Wegrzyn, PhD, as the first Director of the Advanced Research Projects Agency for Health (ARPA-H). Currently serving as Vice President for Business Development at Ginkgo Bioworks (NYSE: DNA), Dr. Wegrzyn aims to propel transformative health breakthroughs. Her background includes significant contributions to biosecurity and synthetic biology. Established in March 2022, ARPA-H is designed to tackle challenging health issues through innovative research.
Ginkgo Bioworks (NYSE: DNA) announced the appointment of Behzad Mahdavi as Senior Vice President of Biopharma Manufacturing and Life Sciences Tools. Dr. Mahdavi brings over 20 years of experience in biopharmaceuticals and cell therapies, previously serving as VP at Catalent Pharma Solutions. His role will focus on expanding Ginkgo's market presence in bio-reagents and gene therapies. Ginkgo aims to leverage its expertise in custom organism design and enzyme discovery to enhance biopharma innovation, backed by collaborations with industry leaders.
Ayana Bio has appointed Frank Jaksch as CEO, a veteran in the health and wellness industry, particularly known for founding ChromaDex, which develops the NAD product Tru Niagen (Nasdaq: CDXC). Launched in September 2021, Ayana Bio utilizes innovative plant cell technology to produce sustainable bioactives for consumer products, aiming to address challenges in ingredient supply chains exacerbated by climate change and geopolitical issues. The company, supported by Ginkgo Bioworks (NYSE: DNA), is positioned to revolutionize sourcing through standardized cultivation methods.
Ginkgo Bioworks (NYSE: DNA) has acquired epidemiological data assets from Baktus, Inc. This transaction will enhance Ginkgo's biosecurity platform and expand its epidemic tracking and modeling services. The acquisition includes proprietary datasets and analytic tools aimed at improving public health responses to epidemics. Baktus will continue independent operations while contributing ongoing epidemiological projects and expertise to Ginkgo's Concentric initiative, further advancing biosecurity infrastructure.
Ginkgo Bioworks reported impressive Q2 2022 results, with total revenue of $145 million, signifying a 231% increase year-over-year. The company added 13 new Cell Programs, an 86% growth compared to Q2 2021. Foundry revenue reached $44 million, up 105% year-over-year, while Biosecurity revenue amounted to $100 million. Ginkgo's cash balance stands at approximately $1.4 billion, enabling future growth opportunities, including the acquisitions of Zymergen and Bayer’s West Sacramento operations. The company revised its 2022 total revenue guidance to $425–$440 million.
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