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Welcome to our dedicated page for GRNA news (Ticker: GRNA), a resource for investors and traders seeking the latest updates and insights on GRNA stock.

GreenLight Biosciences (traded under the ticker GRNA on NASDAQ) is a privately-held biotechnology company that stands at the forefront of sustainable chemical and fuel production. With its patented cell-free bioprocessing technology platform, GreenLight transforms renewable resources into valuable products with unmatched control and flexibility.

The company’s innovative RNA platform addresses critical issues in human health and agriculture. In human health, GreenLight focuses on developing mRNA vaccines and therapeutics. For agriculture, their RNA solutions protect honeybees and various crops, contributing to healthier ecosystems. Their technology is secured by numerous patents, ensuring a strong intellectual property foundation.

Recently, GreenLight Biosciences completed a significant merger, positioning the company as a wholly-owned subsidiary under its Parent. This strategic move aims to enhance operational efficiency and drive the company closer to its mission of fostering a healthy planet. The merger finalized on July 20, 2023, allows each remaining share of GreenLight common stock to be converted into $0.30 in cash.

Under the leadership of CEO and President Andrey J. Zarur, Ph.D., GreenLight continues to push the boundaries of biotechnology. The company benefits from strategic partnerships and collaborations that extend its research and development capabilities. This includes significant contributions to both the human health and agricultural sectors.

GreenLight Biosciences operates as a public benefit corporation, reflecting its commitment to social and environmental impact. The company's operations and future plans are meticulously designed to balance profitability with broader societal benefits, making it a unique player in the biotech industry.

For more information, visit www.greenlightbiosciences.com.

Rhea-AI Summary
GreenLight Biosciences Holdings has completed its merger with SW MergerCo and SW ParentCo, resulting in GreenLight becoming a wholly-owned subsidiary of Parent. Following the merger, GreenLight shares and warrants will no longer be listed on the NASDAQ. Each remaining share of GreenLight common stock will be converted into the right to receive $0.30 in cash.
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GreenLight Biosciences Holdings, PBC is set to complete its merger with SW MergerCo, Inc. and SW ParentCo, Inc. on July 20, 2023. Following the merger, GreenLight's common stock will no longer be traded on NASDAQ. A total of 18,791,264 shares of GreenLight common stock were tendered and not withdrawn, representing approximately 60.4% of outstanding shares. Each remaining share will be converted into the right to receive $0.30 in cash.
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On March 30, 2023, GreenLight Biosciences (Nasdaq: GRNA) announced it has received a non-binding offer from Fall Line Endurance Fund, L.P. to acquire all outstanding shares of the company at $0.60 per share. This proposed transaction is subject to various conditions including due diligence and negotiations. GreenLight's Board, via a special committee, will evaluate this offer along with other alternatives. There is no guarantee that a definitive agreement will be reached. GreenLight specializes in RNA technology for human health and agriculture, currently developing pre-clinical products and early-stage agricultural solutions.

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GreenLight Biosciences (Nasdaq: GRNA) announced key updates and financial results for Q4 and full year 2022. The company is awaiting EPA approval for two agriculture solutions: Calantha™ for potatoes and a honeybee protection solution. It is also advancing its Covid vaccine strategy with a pan-sarbecovirus candidate. Financially, GreenLight reported cash and equivalents of $68.1 million, up from $31.4 million in 2021, but incurred a net loss of $38.8 million in Q4 2022 compared to $34.7 million in Q4 2021. R&D expenses rose to $32.4 million. Guidance indicates sufficiency of current cash through Q2 2023.

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GreenLight Biosciences (Nasdaq: GRNA) has highlighted its R&D pipeline during its Human Health R&D Day. The company is focusing on developing mRNA-based vaccines for infectious diseases and oncology treatments, especially in lower- and middle-income countries. They are prioritizing a universal pan-sarbecovirus vaccine over a previously planned monovalent COVID-19 vaccine, leveraging preclinical data from its shingles vaccine candidate, which exhibits strong antibody and T-cell responses. A partnership with EpiVax Therapeutics aims to create personalized mRNA cancer vaccines, initially targeting bladder cancer. The company aims for sustainable global vaccine access.

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On March 7, 2023, GreenLight Biosciences (Nasdaq: GRNA) presented its Plant Health R&D strategy, emphasizing the development of double-stranded RNA (dsRNA) solutions for sustainable agriculture. CEO Andrey Zarur highlighted the company's commitment to addressing global food security challenges through innovative crop protection technologies. The company aims to tap into the $39 billion insecticides and $35.72 billion herbicides markets, addressing issues like pest resistance and regulatory challenges. Key updates include the anticipated launch of Calantha™, submission of a registration dossier for its RNA solution targeting varroa destructor mite, and promising in-field data on plant disease control.

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GreenLight Biosciences (Nasdaq: GRNA) will host a two-part R&D Day Series for analysts and investors, focusing on plant and human health. Session One is scheduled for March 7, 2023, from 10:30 a.m. – 1:30 p.m. ET at the North Carolina Biotech Center. Session Two will take place on March 9, 2023, at the company's Lexington, MA headquarters. Both events will provide updates on GreenLight's R&D strategy and progress. Live webcasts are available via the Investor section of their website, with replays accessible for 30 days afterward.

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FAQ

What is the market cap of GRNA (GRNA)?

The market cap of GRNA (GRNA) is approximately 45.4M.

What is GreenLight Biosciences?

GreenLight Biosciences is a biotechnology company focused on sustainable chemical and fuel production using its patented cell-free bioprocessing technology.

What does GreenLight Biosciences specialize in?

GreenLight specializes in developing RNA solutions for human health and agriculture, including mRNA vaccines and therapeutics, and RNA-based crop protection.

What recent achievement has GreenLight Biosciences completed?

GreenLight Biosciences completed a merger, making it a wholly-owned subsidiary under its Parent and enhancing its operational efficiency.

Who leads GreenLight Biosciences?

GreenLight is led by CEO and President Andrey J. Zarur, Ph.D., along with other key members of the management team.

How is GreenLight Biosciences contributing to agriculture?

GreenLight develops RNA solutions to protect honeybees and various crops, promoting healthier agricultural practices and ecosystems.

Is GreenLight Biosciences a public company?

Yes, GreenLight trades under the ticker GRNA on NASDAQ.

What is the significance of GreenLight's cell-free bioprocessing technology?

This technology allows for the biological conversion of renewable substrates into valuable products with unprecedented flexibility and control.

What kind of patents does GreenLight hold?

GreenLight’s platform is protected by numerous patents, encompassing its RNA technology for human and agricultural applications.

What is the mission of GreenLight Biosciences?

GreenLight aims to deliver sustainable solutions for some of the world’s biggest challenges in human health and agriculture, fostering a healthier planet.

Where can I find more information about GreenLight Biosciences?

More information is available on their official website at www.greenlightbiosciences.com.

GRNA

Nasdaq:GRNA

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45.43M
52.77M
Research and Development in Biotechnology
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