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.
Selecta Biosciences (Nasdaq: SELB) and Ginkgo Bioworks (NYSE: DNA) announced a collaboration on January 10, 2022, to develop next-generation viral capsids for gene therapy. This partnership combines Selecta's ImmTOR platform with Ginkgo's cell programming technology to enhance transduction, tissue tropism, and reduce immunogenicity. Ginkgo will engineer the capsids, while Selecta handles pre-clinical and clinical studies. Financially, Ginkgo could receive up to $1.1 billion in total payments, including milestone payments in Selecta stock and royalties.
Optimvia has partnered with Ginkgo Bioworks (NYSE: DNA) to enhance the manufacturing efficiency of biosynthetic heparin, a critical medicine traditionally sourced from industrial animal agriculture. This collaboration aims to utilize Ginkgo's expertise in cell and enzyme engineering to improve Optimvia's production technology. The initiative seeks to develop non-animal-derived heparin, potentially reducing reliance on animal sources and increasing supply chain resilience for this essential drug.
Ginkgo Bioworks (NYSE: DNA) announced that Co-Founder and CEO Jason Kelly will present at the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 3:45 p.m. Eastern Time. The presentation details, along with a webcast link and replay information, will be available on the company's investor relations website. Ginkgo Bioworks focuses on programming cells for various biotechnology applications, supporting efforts such as COVID-19 testing and vaccine optimization.
Ginkgo Bioworks (NYSE: DNA) has partnered with Benjamin Franklin Institute of Technology (BFIT) to launch an associate degree in biotechnology manufacturing. The program aims to equip graduates for high-demand technician roles in life sciences. Funded by a $100,000 grant from the Kargman Family Foundation, the initiative supports workforce development in Massachusetts, where biotechnology jobs have surged by 67% over the past decade. The program will operate at the Nubian Square Life Science Training Center, enhancing educational access for underrepresented communities.
Ginkgo Bioworks (NYSE: DNA) announced it has detected the BA.3 sublineage of the Omicron variant in North America, sourced from passengers arriving at Newark Liberty International Airport from South Africa. This detection is part of a collaborative COVID-19 surveillance program with the CDC and XpresSpa Group (Nasdaq: XSPA), involving voluntary testing of international travelers. Over 9,000 travelers have participated, with a goal of improving public health responses to emerging variants. The findings highlight the significance of airport-based monitoring in controlling virus spread.
Clinical Enterprise, a Eurofins Scientific Company, has partnered with Ginkgo Bioworks (NYSE: DNA) to expand Operation Expanded Testing, which provides no-cost COVID-19 PCR testing to schools, community organizations, and underserved populations. This initiative, funded by the U.S. Government, supports K-12 schools, correctional facilities, and other settings to reduce transmission of the virus. Ginkgo's Concentric program facilitates testing for over 220,000 individuals weekly, aiming to promote public health equity and prevent outbreaks.
Ginkgo Bioworks (NYSE: DNA) confirmed the detection of the Omicron variant in pooled samples from air travelers arriving at Newark International Airport. This detection was part of a COVID-19 monitoring program developed in partnership with the CDC and XpresSpa Group (Nasdaq: XSPA). The program utilizes Concentric's testing infrastructure and XpresCheck's in-airport testing. Currently operational in four major airports, the initiative aims to enhance biosecurity and provide rapid public health responses. Ginkgo's Concentric has expanded its testing capabilities significantly, serving tens of millions weekly.
Ginkgo Bioworks (NYSE: DNA) announced its participation in several upcoming conferences aimed at showcasing its cell programming platform. The events include the Piper Sandler Annual Healthcare Conference on November 30, 2021, the Jefferies Alternative Protein & Related ESG Summit on December 1, 2021, and the Goldman Sachs Byte-ology Conference on December 9, 2021. More details, including webcast links and replays, will be available on their investor relations website.
On November 17, 2021, mRNA Victoria and Ginkgo Bioworks (NYSE: DNA) announced a strategic partnership aimed at enhancing vaccine development and biosecurity initiatives in Australia. Ginkgo will establish an office in Melbourne, signifying potential long-term growth in the Australian biotech sector. This collaboration leverages Ginkgo's cell programming capabilities, which have contributed to advancements in diagnostics and vaccine manufacturing, as well as other sectors like food and agriculture. Ginkgo aims to expand its operations in Australia, contributing to the local biotechnology ecosystem.
Ginkgo Bioworks, listed under ticker DNA, reported a strong third quarter for 2021 with total revenue reaching $77.6 million, up from $13.3 million in the previous year. Year-to-date revenue stands at $165.3 million, a 271% increase. Foundry revenue rose 202% to $34.7 million, while biosecurity revenue reached $42.9 million with a 48% gross margin. Despite a loss from operations of $26.7 million, cash reserves are strong at $1.7 billion. Ginkgo has exceeded its outlook for biosecurity revenue, now expecting at least $110 million for the full year.
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