Deals

A startup with ties to Bayer has inked a $122 million deal to make lab-grown marijuana - and it's eyeing the pharma industry

4 monthes ago   |   By

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Gingko Bioworks , a startup known for its work turning bacteria into consumer goods, is partnering with marijuana producer Cronos to make lab-grown cannabis.
The $122-million deal, announced this week, will allow Gingko to use Cronos' Canadian lab space to make several different marijuana compounds without a farm.
Gingko's CEO told Business Insider the deal could have big potential for the pharmaceutical industry, who's been hard at work turning marijuana compounds into medications .
After months of searching, it was love at first sight for Jason Kelly, the CEO of a startup...
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