Tag Archive white biotechnology

AgriLife Biotechnology to raise $4.7B in Series A, $5.7M in Series B

August 6, 2021 Comments Off on AgriLife Biotechnology to raise $4.7B in Series A, $5.7M in Series B By admin

ANAHEIM, Calif.

— Agri-tech and biotechnology stocks are expected to trade higher on Thursday as investors look to fill an economic gap in the U.S. that is hurting the biotech industry.

AgriLife BioTechnology is expected to report earnings of $4 billion in its second fiscal quarter, which begins Wednesday, and to report quarterly revenue of $5 billion.

The company’s chief executive, Paul Smith, said in a statement that the company is working to accelerate its commercialization of a novel approach to genetically engineered plants.

He added that the next phase of its plans is to move forward with its first Phase 1 commercialization in 2018.

Agricultural Biotechnology, a biotechnology company based in San Diego, is expected increase its revenue by $5 million, or 28 percent, to $4,735 million, as it plans to open its first commercial plant in the United States.

That would mark a significant boost to the company’s revenue for the quarter.

The company is expected report a net loss of $3.4 million, and will post a $1.4 billion loss in the fiscal year, according to an analyst estimate.

The analyst estimates AgriLabs could have a revenue loss of as much as $4 million.

Smith added that AgriBio will use its expertise in agricultural biotechnology to create new markets for biotechnology products, which are currently being developed primarily in the developing world.

He said the company will also develop new agricultural products, and said that the firm has already begun to market its first genetically engineered crops.

Agribusiness and biotech stocks are in the midst of a record-setting run in 2017, as investors seek to fill a job gap in America that has been exacerbated by the global economic crisis.

The jobless rate in the country hit a record high of 9.3 percent in December.

Agrochemicals, a biotech company based out of Santa Clara, Calif., has also raised nearly $4 Billion in Series D and Series E funding.

The funding will help it expand its facilities in Asia and Africa.

Agrochemics said its first two plants will begin commercial production in 2019.

It said it plans a fourth plant in 2019 and a fifth plant in 2020.

Agroscience stocks are down more than 8 percent in 2017.

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White biotechnology has been dubbed the “most exciting” biotech project in the world

July 1, 2021 Comments Off on White biotechnology has been dubbed the “most exciting” biotech project in the world By admin

News.net.au White biotech is poised to take Australia by storm.

The company’s patented “bio-nano” material has been used to manufacture bio-naturals that are now being sold in supermarkets and health foods stores.

The product is made from a mix of plant material and synthetic biology, and can be used to produce plant-based proteins and molecules that can be processed into pharmaceuticals.

Read more “It’s a novel, innovative technology that is unique to Australia, and that’s exciting to think about,” said Professor Robert Schmuel, chief executive of the Australian National University’s Department of Biotechnology.

“This is an area that we haven’t seen before and it has the potential to deliver tremendous value for Australia.”

The Australian Biotechnology and Innovation Commission said it is now reviewing the company’s patents and seeking regulatory approval for the technology.

Biotechnology company Biomaterials, a division of Australia’s largest technology company, BHP Billiton, is the lead investor in Biomatrix.

White biotechnology is poised in Australia.

Photo: Supplied “BHP Billington is very supportive of biotechnology research, which is good for our industry,” Biommatrix chief executive Matthew Goss said.

Goss said Biomitex had received more than $2.2 million in funding and has secured contracts to supply the material.

BHP has not commented on its plans to use Biomitic.

The Biomitrix is a biopolymer made from plant material that was patented by the Australian Biotech and Innovation Commissioner’s Office (ABICO) in December.

It was approved by ABICO in January, but the company did not provide any details on the use of the material for Biomitis.

But the Australian Bioscience Council, the national body representing biotechnology companies, said it was concerned about the potential use of Biomitu.

“[The BiOMitrix] is an important step forward in the development of the biotechnology industry and is a testament to the commitment of Australian scientists and innovators to the country’s growing bio-technologies and biosecurity requirements,” the council’s chief executive, Dr Paul Williams, said.

“It has been proven that this biopolymy material is an excellent alternative to traditional biotechnology materials for manufacturing bio-nanomaterial composites and nanotechnology-based materials for pharmaceuticals, diagnostics and therapeutics.”

The use of this material in biotechnology applications could create a new business opportunity for Australian biotechnology firms, which could generate considerable value for their shareholders.

“Biomitexes biopolymers are made from plants material, a type of synthetic biology.

Photo : SuppliedBiomites patented technology could potentially lead to new ways of manufacturing drugs and other pharmaceuticals using the material and the biopolym.

ABICAO has set a deadline of March for applications for new biotechnology licences.

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