![]() "While we will need to raise additional funds to realize our business plan, the Private Placement proceeds provides the capital to commence our business plan and further the development of our initial medical devices." Davidson Mund served as CEO, COO and marketing executive in various medical and ICT startups, including Wiser Market, Perytons, OZ Recovery Technologies and Biomedicom. Davidson Mund holds B.A in Computer Science and Economics with honors and M.B.A with honors, both from Tel Aviv University. Davidson Mund as our new CEO, she has very significant business and technology experience and the drive to help us turn our unique technology into successful products.” “We are very excited about the completion of the reverse merger and securing the proceeds, which allows us to further develop I.R Med technology and bring it to the market” said Yoram Drucker, the Company President, “we are delighted to have Ms. The Company consummated the private placement following the completion of the share exchange transaction, pursuant to which I.R Med Ltd. By 2030, McKinsey predicts cultured meat could provide as much as half of 1% of the world's meat supply, representing billions of pounds and $25 billion in sales.Became a wholly-owned subsidiary of the Company. On top of that, startups will have to convince consumers that they want to eat meat grown in a lab rather than on a farm.īut expectations are high for the industry, if it manages to overcome those obstacles. ![]() The expensive media, the inputs that feeds cells, keep prices for the finished product very high. Companies are trying to figure out how to create bioreactors massive enough to allow them to achieve scale. To date, Eat Just has raised $978.5 million, and Upside Foods has raised $608.4 million, according to PitchBook data.Įven armed with cash and regulatory approval, cultured meat startups face many hurdles before their products can become mainstream. "It's a giant step forward towards a more sustainable future - one that preserves choice and life."Īs consumers' interest in plant-based meat wanes, investors have instead been betting on the cultured meat industry. "This approval will fundamentally change how meat makes it to our table," Upside Foods founder and CEO Uma Valeti said in a statement. Chef Dominique Crenn will serve it in limited quantities at Bar Crenn in San Francisco. Upside Foods has also received its first order for cultivated chicken already. Good Meat's manufacturing partner, Joinn Biologics, also received USDA approval to make the cultured meat.Ĭhef Jose Andres has placed the first order to sell Good Meat's cultured chicken to serve it in an undisclosed Washington, D.C., restaurant, the company said. "This announcement that we're now able to produce and sell cultivated meat in the United States is a major moment for our company, the industry and the food system," Eat Just CEO and co-founder Josh Tetrick said in a statement. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |