The lab automation player MegaRobo stole the show in the Asia-Pacific region in June with a mega Series C round of $300 million. Oncology firms Doma Biopharmaceutical and Tessa Therapeutics also led the private biotech investment rankings.
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U.S. agricultural commodities and food processing giant Archer Daniels Midland Co (ADM) and Hong Kong-based Avant Meats are opening food labs in Singapore to expand their production of plant-based meat and fish analogs in the region.
ADM’s facility, to be located in its Biopolis research hub in Singapore, will focus on developing “new nutritious products to help meet rising demand of food and beverage in the Asia-Pacific region,” ADM Asia-Pacific President Leo Liu said in a 22 April press release.
“Protein continues to be a focus for consumers who are experimenting with plant-based options to meet their health and nutrition, sustainability and convenience preferences, and with Asia being home to 60 percent of the world’s population, Singapore is a critical hub of innovation and growth around plant-based alternatives,” Liu said.
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Hong Kong-based Avant Meats – specializing in cell-based “cultivated” fish fillets – today announced that Vinh Hoan Company (VHC) has agreed to purchase Vinh Technology Pte Limited, a Singapore-based company with a minority interest in Avant …
Photo courtesy of Avant Meats