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Agronomics Ltd on Monday said it has established a joint-venture focused on developing pet food derived from cultivated meat.
Agronomics, an investor focused on cellular agriculture, will work with food biotechnology company Roslin Technologies Ltd to launch Good Dog Food Ltd, a pet food joint venture.
The JV will focus on healthy, eco-friendly food from cultivated meat.
‘Roslin Technologies is partially owned by the University of Edinburgh and has preferential rights to IP from the Roslin Institute, famous for Dolly the sheep, the world's first cloned adult mammal,’ Agronomics noted.
‘The company believes that many pet owners are looking for more sustainable alternatives and cultivated meat can provide a healthy, ethical, and sustainable source of meat for their pet's food. Cultivated meat is grown from cells without the need to raise and slaughter animals and has the potential to have a significantly lower environmental impact.’
Agronomics shares rose 2.8% to 18.50 pence each in London around midday on Monday.
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