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Stock impact report

Lesaffre strengthens its Research, Development & Innovation (RD&I) with the acquisition of Altar, a company owned by Ginkgo Bioworks [Yahoo! Finance]

Ginkgo Bioworks Holdings, Inc. (DNA) 
Company Research Source: Yahoo! Finance
Altar is a French biotech company founded in 2017, specialized in Adaptive Laboratory Evolution. The company developed in the last years a technology enabling the continuous, uninterrupted cultivation of microorganisms' cultures under controlled conditions to select strains with specific properties, for as long as required. The start-up offers access to its technology, platform and associated know-how through collaborative projects or research services. Thanks to the high maturity of their approach of ALE, Altar has a high degree of precision and control over their technology, which is directly linked to the team's know-how and the R&D assets they developed. "At Lesaffre, we are driven by an unwavering belief in the infinite possibilities of fermentation," says Brice-Audren Riché, CEO of Lesaffre. "Powered by the incredible potential of microorganisms, we see fermentation as a transformative solution to nourish a growing global population in a safer, healthier, and more sustainable Show less Read more
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