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RoosterBio and AGC Biologics team up to accelerate manufacture of cell and exosome therapies – BioPharma-Reporter.com

Posted: August 22, 2022 at 2:06 am

The collaboration draws on RoosterBios cell and media products and process development services, coupled with AGC Biologics cell and gene therapy manufacturing capabilities.

The two companies see 'tremendous opportunities' in EVs/exosomes: with projections suggesting a CAGR of 31% (2015-2030) for the market, reaching the $1bn mark by 2027.

In published biomedical research, this subject area now exceeds monoclonal antibodies and liposomes, note the companies: who draw a comparison to a similar pace of growth for monoclonal antibodies during the 1980s ahead of their boom (with this sector now worth around $100bn in global annual sales).

RoosterBio and AGC Biologics believe these research growth rates indicate this cell type is becoming a popular choice amongst developers to help advance the cell and gene product pipeline.

However, access to exosome cell and media development and manufacturing facilities to get treatments into the clinic is still scarce: with the new partnership seeking to bridge this gap and give cell and gene developers end-to-end services.

In the new partnership, Frederick, Maryland-headquartered RoosterBio will use its portfolio of cell and media products to develop robust, scalable processes for human mesenchymal stem/stromal cells (hMSC) and exosome therapies.

These capabilities include genetic engineering of cells and exosomes to express therapeutic targets, upstream processing in both 2D flask and 3D bioreactor systems, downstream purification to achieve desired purity and potency, and comprehensive analytical characterization of the resulting formulated cell or exosome therapy.

Meanwhile, Seattle-headquartered AGC Biologics will contribute its global network to provide full Process Development, cGMP Manufacturing, Quality Control and Regulatory services for pre-clinical and phase I/II clinical trials, with the ability to scale to Phase III and commercial production.

The CDMO has a global network of sites dedicated to cell therapy technologies and processes, including allogenic and autologous systems and techniques.

More details on this partnership will be released in the coming months.

"RoosterBio has a reliable method for producing engineered cells and exosomes that can help developers create life-saving therapies," said Patricio Massera, Chief Executive Officer of AGC Biologics. "When you combine their work and expertise with AGC Biologics' scientific knowledge and global manufacturing services, it creates a comprehensive offering that can help these developers save time and money, and get their treatments in the hands of patients in need."

Tim Kelly, Chief Executive Officer of RoosterBio, said: Biopharmaceutical companies striving to develop engineered cell and exosome therapies require proven, flexible technologies paired with reliable and scalable manufacturing solutions. This collaboration was conceived to deliver that end-to-end solution for our customers and I am thrilled to partner with AGC Biologics to translate our hMSC and exosome technologies into advanced therapy products that have the potential to bring curative treatments to patients in need.

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This Man Set the Record for Wearing a Brain-Computer Interface – WIRED

Posted: August 22, 2022 at 2:06 am

Florian Solzbacher, co-founder and chairman of Blackrock Neurotech, which manufactures the Utah arrays, says the company is testing one thats coated with a combination of parylene and silicon carbide, which has been around for more than 100 years as an industrial material. Weve seen lifetimes on the benchtop that can reach up to 30 years, and weve got some preliminary data in animals right now, he says. But the company has yet to implant it in people, so the real test will be how human tissue reacts to the new formulation.

Making electrodes more flexible could also help reduce scarring. Angles company Paradromics is developing an implant similar to the Utah array, but with thinner electrodes intended to be less disruptive to tissue.

Some researchers are trying out softer materials that may be able to better integrate into the brain than the rigid Utah array. One group, at the Massachusetts Institute of Technology, is experimenting with hydrogel coatings designed to have an elasticity very similar to that of the brain. Scientists at the University of Pennsylvania are also growing living electrodes, hairlike microtissues made of neurons and nerve fibers grown from stem cells.

But these approaches have downsides, too. You can get a rigid thing into a soft thing. But if youre trying to put a very soft thing into another soft thing, thats very hard, Gaunt says.

Another approach is to make the implants smaller, and therefore less invasive. For instance, researchers are testing neurograins, tiny chips the size of a grain of sand that could hypothetically be sprinkled across the cortical surface. But no one has tried dispersing them on a human brain; the system has only been tested in rodents that had their skulls removed.

Some research participants have had their Utah arrays taken out and replaced, but multiple surgeries arent ideal, because each one carries a risk of infection or bleeding at the implant site. Gaunt says surgeons probably wouldnt place a new implant in the exact same place as an old one, especially if theres scarring in that area. But making sure that a replacement is put in the right spot is important because implants in the wrong place could impair the function of the BCI.

Gaunt says it would be better for the external BCI componentsthe processors or software, for instanceto be upgradable, so that patients wouldnt have to undergo multiple surgeries.

Nathan Copeland plays a game using his brain-computer interface.

But in fact, an external part of most BCI systems is actually one of the biggest risks for brain implants. The pedestal that sits atop the skull can cause infection, but its presence is necessary to connect the implanted array to the external computer. For now, Copeland and other research participants have to get plugged into the system via their head pedestals to use their BCIs. (Researchers are working on getting rid of the cables.) For Copeland, its a mild annoyance in exchange for getting to do the things he can do with his BCIalthough he hopes future systems will be wireless and give paralyzed people an even broader range of abilities.

Given the unknowns of BCI longevity, Copeland knows his implant could stop working some day. But he tries not to worry about it. Im super chill about most things. I just go with the flow, he says. That said, he wouldnt turn down an upgrade: In five or 10 years, if there is something that would have significant improvements, I would do the surgery again and just go for it.

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Calendar of events, awards and opportunities – ASBMB Today

Posted: August 22, 2022 at 2:06 am

Every week, we update this list with new meetings, awards, scholarships and events to help you advance your career.If youd like us to feature something that youre offering to the bioscience community, email us with the subject line For calendar. ASBMB members offerings take priority, and we do not promote products/services. Learn how to advertise in ASBMB Today.

The Federation of American Societies for Experimental Biology has launched the Career Advancement and Research Excellence Support (CARES) Program, which provides financial support for caregiving, enabling FASEB society members to continue their scientific training, professional development and career progression. Read the eligibility criteriaand apply.

The International Union of Biochemistry and Molecular Biology is offering $2,000 to graduate students and postdocs displaced from their labs as a result of natural disaster, war or "other events beyond their control that interrupt their training." The money is for travel and settling in. Learn more and spread the word to those who could use assistance.

The American Association for Anatomy has a free on-demand webinar titled "The power of suggestion: How to get and gain influence." It features Adele Cehrs, CEO of the When and How Agency, who explains "when the power of suggestion is most likely to work for individuals and how to use it to your advantage through traditional media and social media channels." As we understand it, AAA membership is not required (but you will have to create an account)to view the webinar. Here's a list of all of AAA's open-access webinars.

It's not too early to start thinking about who among your colleagues deserves recognition as an ASBMB fellow. Fellows are recognized for their contributions to the society and their contributions advancing the molecular life sciences, whether that's through research, education and mentorship, or other forms of service to the scientific community. Learn more.

This in-person meeting will be held Sept. 29 through Oct. 2 in Snowbird, Utah. Sessionswill cover recent advances and new technologies in RNA polymerase II regulation, including the contributions of noncoding RNAs, enhancers and promoters, chromatin structure and post-translational modifications, molecular condensates, and other factors that regulate gene expression. Patrick Cramer of the Max Planck Institute will present the keynote address on the structure and function of transcription regulatory complexes.Learn more.

Researchers at Albion College are conducting a survey about women's experiences with STEM mentors during their undergraduate years. If you'd like to participate, access the surveyhere. Itshould take about 15 minutes to complete. The deadline is Aug. 31.

To be or not to be a postdoc?That is often the question that comes to mind toward the end of graduate school. When thinking about your career path, is a stint as a postdoc the next logical step, or are there other ways to get to your ultimate career destination? In this webinar, part ofthe ASBMB Education and Professional Development Committees Insider perspectives series, established scientists will share their journeys from the end of graduate school to the next stages of their careers, exploretheir decision-making about whether and when to pursue a postdoctoral position, and how they leveraged post-Ph.D. training to enhance their careers. Register.

ASBMB Lipid Research Division Seminar Series

The ASBMB Lipid Research Division features the work of young investigators at noon Eastern on Wednesdays. If you are interested in presenting, please contactJohn Burke. Registeronce to access the whole series.

Aug. 31: New mechanisms of phosphoinositide signaling

Most meetings on epigenetics and chromatin focus on transcription, while most meetings on genome integrity include little attention to epigenetics and chromatin. This conference in Seattle will bridge this gap to link researchers who are interested in epigenetic regulations and chromatin with those who are interested in genome integrity. The keynote speakers are Genevive Almouzni at Institut Curie and John Diffley at the Francis Crick Institute. Learn more.

The ASBMB encourages its members to get involved through service on society committees. Committee members serve three-year terms, which are renewable once, typically from July 1 to June 30. The society strives for equity and inclusion, as well as institutional, geographic and career stage diversity on all of its committees.See eligibility criteria and applyThe followingcommittees have one or more openings and welcome all member types to apply:

The American Physiological Society is hosting a free webinar that will cover polycystic ovary syndrome, an endocrine disorder associated with modestly elevated androgens, and hormone therapy for transmen, which elevates androgens greatly to achieve levels similar to those in cisgender men. The event announcement says: "The role that these two different concentrations play in cardiovascular physiology and pathophysiology remains unclear. Gaps and opportunities in basic research and clinical practice will be highlighted." The speaker will be Licy Yanes Cardozo, a physician-scientist at the University of Mississippi Medical Center. Learn more and register.

The American Society for Investigative Pathology is running a series of young investigator keynote talks through the end of the year. Here's the lineup. Register.

Sept. 21: Selection for a Preferred Threshold Level of PI3K Pathway Activation During Myc-driven Mammary Carcinogenesis Maryknoll Palisoc, Penn State College of Medicine

Oct. 19: Investigating Calcium Dysregulation and Viral Virulence Using Forward and Reverse Genetics Thomas Gebert, Baylor College of Medicine

Nov. 16: Modeling Glut1 Deficiency Syndrome at the Human Blood-Brain Barrier In Vitro Using CRISPR-Cas9 Edited Induced Pluripotent Stem Cells Iqra Pervaiz, Texas Tech University of Health Sciences

Dec. 14: Mechanisms of IL-6-driven Endothelial Dysfunction Ramon Bossardi Ramos, Albany Medical College

In May, the Howard Hughes Medical Institute launched a roughly $1.5 billion program to "help build a scientific workforce that more fully reflects our increasingly diverse country." The Freeman Hrabowski Scholars Program will fund 30 scholars every other year, and each appointment can last up to 10 years. That represents up to $8.6 million in total support per scholar. HHMI is accepting applications from researchers "who are strongly committed to advancing diversity, equity, and inclusion in science." Learn more.

The National Academy of Sciences offers more than a dozen annual awards, and the nomination deadline for all of them is Oct. 3. You can see the full list here, but we want to draw your attention to the NAS Award in Molecular Biology (for a young investigator).

Undergraduate students interested in interning at a U.S. Department of Energy laboratory in the spring must apply by Oct. 5. There are two programs to be aware of: the Science Undergraduate Laboratory Internships program and the Community College Internships program. In both cases, students work at national laboratories on research or technology projects supporting the agency's mission. All full-time students or recent grads are eligible for the first program, and community college students are eligible for the other. These are paid positions. Learn more.

The U.S. Department of Energy has expanded its opportunities for faculty members from historically underrepresented groupsto engage in research at national labs. The Visiting Faculty Program is intended to create partnerships between national labs and two-year colleges, minority-serving institutions and other colleges and universities nationwide. About 50% of participants are from MSI, and one-third of those are from historically Black colleges and universities. The deadline to apply is Oct. 5. Learn more.

The NASA Science Mission Directorate Bridge Program is intended to improve diversity, equity, inclusion and accessibility at NASA and in the broader STEM community. The agency seeks to partner with minority-serving institutions, primarily undergraduate institutions and Ph.D.-granting universities and provide paid research student positions "to transition science and engineering students from undergraduate studies into graduate schools and employment by NASA," according to the announcement. A virtual workshop will be held from Oct. 17 through Oct. 21. You have to formally express interest in attending. Learn more.

Save the date for the ASBMB Career Expo. This virtual event aims to highlight the diversity of career choices available to modern biomedical researchers. No matter your career stage, this expo will provide a plethora of career options for you to explore while simultaneously connecting you with knowledgeable professionals in these careers. Each 60-minute session will focus on a different career path and will feature breakout rooms with professionals in those paths. Attendees can choose to meet in a small group with a single professional for the entire session or move freely between breakout rooms to sample advice from multiple professionals. Sessions will feature the following five sectors: industry, government, science communication, science policy and other. The expo will be held from 11 a.m. to 5 p.m. Eastern on Nov. 2. Stay tuned for a link to register!

The Journal of Science Policy & Governanceand the National Science Policy Network issued a call for papersfor an issue containingpolicy ideas from the next generation of scientists. The submission deadline is Nov. 6. Theyencourage submissions "that highlight policy opportunities and audiences related to the 2022 U.S. midterm elections at the local, stateor national level as well as related foreign policy issues."Read the press release.

The ASBMB provides members with a virtual platform to share scientific research and accomplishments and to discuss emerging topics and technologies with the BMB community.

The ASBMB will manage the technical aspects, market the event to tens of thousands of contacts and present the digital event live to a remote audience. Additional tools such as polling, Q&A, breakout rooms and post event Twitter chats may be used to facilitate maximum engagement.

Seminars are typically one to two hours long. A workshop or conference might be longer and even span several days.

Prospective organizers may submit proposals at any time. Decisions are usually made within four to six weeks.

Propose an event.

If you are a graduate student, postdoc or early-career investigator interested in hosting a #LipidTakeover, fill out this application. You can spend a day tweeting from the Journal of Lipid Research's account (@JLipidRes) about your favorite lipids and your work.

The ASBMB Deuel conference is a must-attend event for leading lipids investigators and for scientists whove just begun to explore the role of lipids in their research programs. This event will bring together a diverse array of people, including those who have not attended Deuel or perhaps any lipid meeting before. The conference is a forum for the presentation of new and unpublished data, and attendees enjoy the informal atmosphere that encourages free and open discussion. Interested scientists are invited to attend and encourage trainees to submit abstracts. Learn more.

#DiscoverBMB is the annual meeting of theAmerican Society for Biochemistry and Molecular Biology.

With a mission to sharethe latest, most impactful research findings in the molecular life sciences, #DiscoverBMB offers an exciting agenda that includes in-person and virtual sessions, talks by the field's foremost experts, interactive workshops on the latest trends, technologies and techniques, and an invigorating exhibition of posters, services and products.

The meeting attracts researchers in academia and industry, educators, trainees and students from across the globe. It offers unparalleled opportunities for collaborating, networking and recruiting.

Learn more.

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Genetics in fiction – Wikipedia

Posted: August 14, 2022 at 2:49 am

Aspects of genetics including mutation, hybridisation, cloning, genetic engineering, and eugenics have appeared in fiction since the 19th century.

Genetics is a young science, having started in 1900 with the rediscovery of Gregor Mendel's study on the inheritance of traits in pea plants. During the 20th century it developed to create new sciences and technologies including molecular biology, DNA sequencing, cloning, and genetic engineering. The ethical implications were brought into focus with the eugenics movement.

Since then, many science fiction novels and films have used aspects of genetics as plot devices, often taking one of two routes: a genetic accident with disastrous consequences; or, the feasibility and desirability of a planned genetic alteration. The treatment of science in these stories has been uneven and often unrealistic. The film Gattaca did attempt to portray science accurately but was criticised by scientists.

Modern genetics began with the work of the monk Gregor Mendel in the 19th century, on the inheritance of traits in pea plants. Mendel found that visible traits, such as whether peas were round or wrinkled, were inherited discretely, rather than by blending the attributes of the two parents.[1] In 1900, Hugo de Vries and other scientists rediscovered Mendel's research; William Bateson coined the term "genetics" for the new science, which soon investigated a wide range of phenomena including mutation (inherited changes caused by damage to the genetic material), genetic linkage (when some traits are to some extent inherited together), and hybridisation (crosses of different species).[2]

Eugenics, the production of better human beings by selective breeding, was named and advocated by Charles Darwin's cousin, the scientist Francis Galton, in 1883. It had both a positive aspect, the breeding of more children with high intelligence and good health; and a negative aspect, aiming to suppress "race degeneration" by preventing supposedly "defective" families with attributes such as profligacy, laziness, immoral behaviour and a tendency to criminality from having children.[3][4]

Molecular biology, the interactions and regulation of genetic materials, began with the identification in 1944 of DNA as the main genetic material;[5] the genetic code and the double helix structure of DNA was determined by James Watson and Francis Crick in 1953.[6][7] DNA sequencing, the identification of an exact sequence of genetic information in an organism, was developed in 1977 by Frederick Sanger.[8]

Genetic engineering, the modification of the genetic material of a live organism, became possible in 1972 when Paul Berg created the first recombinant DNA molecules (artificially assembled genetic material) using viruses.[9]

Cloning, the production of genetically identical organisms from some chosen starting point, was shown to be practicable in a mammal with the creation of Dolly the sheep from an ordinary body cell in 1996 at the Roslin Institute.[10]

Mutation and hybridisation are widely used in fiction, starting in the 19th century with science fiction works such as Mary Shelley's 1818 novel Frankenstein and H. G. Wells's 1896 The Island of Dr Moreau.[11]

In her 1977 Biological Themes in Modern Science Fiction, Helen Parker identified two major types of story: "genetic accident", the uncontrolled, unexpected and disastrous alteration of a species;[12][13] and "planned genetic alteration", whether controlled by humans or aliens, and the question of whether that would be either feasible or desirable.[12][13] In science fiction up to the 1970s, the genetic changes were brought about by radiation, breeding programmes, or manipulation with chemicals or surgery (and thus, notes Lars Schmeink, not necessarily by strictly genetic means).[13] Examples include The Island of Dr Moreau with its horrible manipulations; Aldous Huxley's 1932 Brave New World with a breeding programme; and John Taine's 1951 Seeds of Life, using radiation to create supermen.[13] After the discovery of the double helix and then recombinant DNA, genetic engineering became the focus for genetics in fiction, as in books like Brian Stableford's tale of a genetically modified society in his 1998 Inherit the Earth, or Michael Marshall Smith's story of organ farming in his 1997 Spares.[13]

Comic books have imagined mutated superhumans with extraordinary powers. The DC Universe (from 1939) imagines "metahumans"; the Marvel Universe (from 1961) calls them "mutants", while the Wildstorm (from 1992) and Ultimate Marvel (20002015) Universes name them "posthumans".[14] Stan Lee introduced the concept of mutants in the Marvel X-Men books in 1963; the villain Magneto declares his plan to "make Homo sapiens bow to Homo superior!", implying that mutants will be an evolutionary step up from current humanity. Later, the books speak of an X-gene that confers powers from puberty onwards. X-men powers include telepathy, telekinesis, healing, strength, flight, time travel, and the ability to emit blasts of energy. Marvel's god-like Celestials are later (1999) said to have visited Earth long ago and to have modified human DNA to enable mutant powers.[15]

James Blish's 1952 novel Titan's Daughter (in Kendell Foster Crossen's Future Tense collection) featured stimulated polyploidy (giving organisms multiple sets of genetic material, something that can create new species in a single step), based on spontaneous polyploidy in flowering plants, to create humans with more than normal height, strength, and lifespans.[16]

Cloning, too, is a familiar plot device. Aldous Huxley's 1931 dystopian novel Brave New World imagines the in vitro cloning of fertilised human eggs.[17][18] Huxley was influenced by J. B. S. Haldane's 1924 non-fiction book Daedalus; or, Science and the Future, which used the Greek myth of Daedalus to symbolise the coming revolution in genetics; Haldane predicted that humans would control their own evolution through directed mutation and in vitro fertilisation.[19] Cloning was explored further in stories such as Poul Anderson's 1953 UN-Man.[20] In his 1976 novel, The Boys from Brazil, Ira Levin describes the creation of 96 clones of Adolf Hitler, replicating for all of them the rearing of Hitler (including the death of his father at age 13), with the goal of resurrecting Nazism. In his 1990 novel Jurassic Park, Michael Crichton imagined the recovery of the complete genome of a dinosaur from fossil remains, followed by its use to recreate living animals of an extinct species.[11]

Cloning is a recurring theme in science fiction films like Jurassic Park (1993), Alien Resurrection (1997), The 6th Day (2000), Resident Evil (2002), Star Wars: Episode II (2002) and The Island (2005). The process of cloning is represented variously in fiction. Many works depict the artificial creation of humans by a method of growing cells from a tissue or DNA sample; the replication may be instantaneous, or take place through slow growth of human embryos in artificial wombs. In the long-running British television series Doctor Who, the Fourth Doctor and his companion Leela were cloned in a matter of seconds from DNA samples ("The Invisible Enemy", 1977) and thenin an apparent homage to the 1966 film Fantastic Voyageshrunk to microscopic size in order to enter the Doctor's body to combat an alien virus. The clones in this story are short-lived, and can only survive a matter of minutes before they expire.[21] Films such as The Matrix and Star Wars: Episode II Attack of the Clones have featured human foetuses being cultured on an industrial scale in enormous tanks.[22]

Cloning humans from body parts is a common science fiction trope, one of several genetics themes parodied in Woody Allen's 1973 comedy Sleeper, where an attempt is made to clone an assassinated dictator from his disembodied nose.[23]

Genetic engineering features in many science fiction stories.[16] Films such as The Island (2005) and Blade Runner (1982) bring the engineered creature to confront the person who created it or the being it was cloned from, a theme seen in some film versions of Frankenstein. Few films have informed audiences about genetic engineering as such, with the exception of the 1978 The Boys from Brazil and the 1993 Jurassic Park, both of which made use of a lesson, a demonstration, and a clip of scientific film.[11][24] In 1982, Frank Herbert's novel The White Plague described the deliberate use of genetic engineering to create a pathogen which specifically killed women.[16] Another of Herbert's creations, the Dune series of novels, starting with Dune in 1965, emphasises genetics. It combines selective breeding by a powerful sisterhood, the Bene Gesserit, to produce a supernormal male being, the Kwisatz Haderach, with the genetic engineering of the powerful but despised Tleilaxu.[25]

Genetic engineering methods are weakly represented in film; Michael Clark, writing for The Wellcome Trust, calls the portrayal of genetic engineering and biotechnology "seriously distorted"[24] in films such as Roger Spottiswoode's 2000 The 6th Day, which makes use of the trope of a "vast clandestine laboratory ... filled with row upon row of 'blank' human bodies kept floating in tanks of nutrient liquid or in suspended animation". In Clark's view, the biotechnology is typically "given fantastic but visually arresting forms" while the science is either relegated to the background or fictionalised to suit a young audience.[24]

Eugenics plays a central role in films such as Andrew Niccol's 1997 Gattaca, the title alluding to the letters G, A, T, C for guanine, adenine, thymine, and cytosine, the four nucleobases of DNA. Genetic engineering of humans is unrestricted, resulting in genetic discrimination, loss of diversity, and adverse effects on society. The film explores the ethical implications; the production company, Sony Pictures, consulted with a gene therapy researcher, French Anderson, to ensure that the portrayal of science was realistic, and test-screened the film with the Society of Mammalian Cell Biologists and the American National Human Genome Research Institute before its release. This care did not prevent researchers from attacking the film after its release. Philim Yam of Scientific American called it "science bashing"; in Nature Kevin Davies called it a ""surprisingly pedestrian affair"; and the molecular biologist Lee Silver described the film's extreme genetic determinism as "a straw man".[26][27]

The geneticist Dan Koboldt observes that while science and technology play major roles in fiction, from fantasy and science fiction to thrillers, the representation of science in both literature and film is often unrealistic.[28] In Koboldt's view, genetics in fiction is frequently oversimplified, and some myths are common and need to be debunked. For example, the Human Genome Project has not (he states) immediately led to a Gattaca world, as the relationship between genotype and phenotype is not straightforward. People do differ genetically, but only very rarely because they are missing a gene that other people have: people have different alleles of the same genes. Eye and hair colour are controlled not by one gene each, but by multiple genes. Mutations do occur, but they are rare: people are 99.99% identical genetically, the 3 million differences between any two people being dwarfed by the hundreds of millions of DNA bases which are identical; nearly all DNA variants are inherited, not acquired afresh by mutation. And, Koboldt writes, believable scientists in fiction should know their knowledge is limited.[29]

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Weeds superpower could help feed the planet – Freethink

Posted: August 14, 2022 at 2:49 am

Yale researchers have uncovered new details on how a common weed is able to thrive under hot, dry conditions potentially a roadmap to engineering crops that are resistant to the effects of climate change.

The challenge: Higher temperatures, more severe droughts, and the other effects of climate change are now threatening crop yields, imperiling progress in feeding the world made since the Green Revolution.

While corn yields have nearly tripled worldwide since 1961, according to the Food and Agriculture Organization (FAO), a recent NASA study predicts that they could decline by up to 24% before the end of this century.

Climate changeis threateningcrop yields, imperiling progress in feeding the world made since the Green Revolution.

The FAO estimates that one in three people worldwide currently experiences food insecurity, and the population is growing. If we want to continue to make progress against hunger, or at least protect the gains that have been made, we need not just to prevent a climate change-fueled decline in crop yields, but to continue growing more food on less land.

If we cant, well have to clear more forests for agriculture, releasing the carbon stored in the trees into the atmosphere and making the problem of global warming worse not to mention damaging ecosystems and pressuring endangered species.

The discovery: Genetic engineering offers a potential solution to the problem using tech such as CRISPR, we can give crops characteristics that help them withstand the effects of climate change.

A new Yale study puts us a step closer to making that future a reality by revealing how a common weed, purslane, is able to grow in hot, dry conditions.

Purslane is both drought-resistant and highly productive even in hot climates a rarity for any plant.

Supercharged photosynthesis: While most plants have naturally evolved a single type of photosynthesis, purslane uses two: C4 photosynthesis and CAM photosynthesis.

C4 photosynthesis allows a plant to remain productive when temperatures are high corn and sugarcane use that type of photosynthesis, too. CAM photosynthesis, meanwhile, helps a plant survive with little water its been adapted by cacti and other succulents.

As a result, purslane is both drought-resistant and highly productive even in hot climates a rarity for any plant.

Team effort: Scientists thought that the two types of photosynthesis worked independently in purslanes leaves, but the Yale team has now discovered that the mechanisms are closely integrated, operating in the same cells and working as a single metabolic system.

This knowledge of how the two types of photosynthesis work together could one day be used for engineering plants that are both drought and heat resistant we could one day take a C4 crop like corn, for example, and integrate CAM photosynthesis into it.

[T]here is still a lot of work to do before that could become a reality, said senior author Erika Edwards, but what weve shown is that the two pathways can be efficiently integrated and share products.

Wed love to hear from you! If you have a comment about this article or if you have a tip for a future Freethink story, please email us at [emailprotected].

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POSEIDA THERAPEUTICS, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q) – Marketscreener.com

Posted: August 14, 2022 at 2:49 am

The following discussion and analysis of our financial condition and results ofoperations should be read in conjunction with our unaudited condensedconsolidated financial statements and related notes appearing elsewhere in thisQuarterly Report on Form 10-Q and our audited consolidated financial statementsand the related notes thereto included in our Annual Report on Form 10-K for theyear ended December 31, 2021, or 2021 Annual Report, as filed with theSecurities and Exchange Commission, or SEC. Operating results are notnecessarily indicative of results that may occur in future periods. Thisdiscussion, particularly information with respect to our future results ofoperations or financial condition, business strategy and plans and objectives ofmanagement for future operations, includes forward-looking statements thatinvolve risks and uncertainties as described under the heading "Special NoteRegarding Forward-Looking Statements" in this Quarterly Report on Form 10-Q. Youshould review the disclosure under the heading "Risk Factors" in this QuarterlyReport on Form 10-Q for a discussion of important factors that could cause ouractual results to differ materially from those anticipated in theseforward-looking statements.

Overview

We are a clinical-stage biopharmaceutical company dedicated to utilizing ourproprietary genetic engineering platform technologies to create next-generationcell and gene therapeutics with the capacity to cure. We were incorporated inDecember 2014 and subsequently spun out from Transposagen, a company that hasbeen developing genetic engineering technologies since 2003. Since ourinception, our operations have focused on organizing and staffing our company,business planning, raising capital, in-licensing, developing and acquiringintellectual property rights and establishing and protecting our intellectualproperty portfolio, developing our genetic engineering technologies, identifyingpotential product candidates and undertaking research and development andmanufacturing activities, including preclinical studies and clinical trials ofour product candidates, and engaging in strategic transactions. We do not haveany product candidates approved for sale and have not generated any revenue fromproduct sales.

We have discovered and are developing a broad portfolio of product candidates ina variety of indications based on our core proprietary platforms, including ournon-viral piggyBac DNA Delivery System, Cas-CLOVER Site-specific Gene EditingSystem and nanoparticle and AAV-based gene delivery technologies. Our coreplatform technologies have utility, either alone or in combination, across manycell and gene therapeutic modalities and enable us to engineer our portfolio ofproduct candidates that are designed to overcome the primary limitations ofcurrent generation cell and gene therapeutics.

Within cell therapy, we believe our technologies allow us to create productcandidates with engineered cells that engraft in the patient's body and drivelasting durable responses that may have the capacity to result in singletreatment cures. Our CAR-T therapy portfolio consists of both autologous andallogeneic, or off-the-shelf, product candidates. We are advancing a broadpipeline and have multiple CAR-T product candidates in the clinical phase inboth hematological and solid tumor oncology indications. Within gene therapy, webelieve our technologies have the potential to create next-generation therapiesthat can deliver long-term, stable gene expression that does not diminish overtime and that may have the capacity to result in single treatment cures.

Our most advanced investigational clinical programs are:

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We manufacture these product candidates using our non-viral piggyBac DNADelivery System. Our fully allogeneic CAR-T product candidates are developedusing well-characterized cells derived from a healthy donor as starting materialwith the goal of enabling treatment of potentially hundreds of patients from asingle manufacturing run. Doses are cryopreserved and stored at treatmentcenters for future off-the-shelf use. In addition, our allogeneic productcandidates use our proprietary Cas-CLOVER site-specific Gene Editing System toreduce or eliminate reactivity, as well as our booster molecule technology formanufacturing scalability.

Our most advanced preclinical cell therapy program is:

Our gene therapy product candidates have been developed by utilizing ourpiggyBac technology together with AAV to overcome the major limitations oftraditional AAV gene therapy. We believe that our approach can result inintegration and long-term stable expression at potentially much lower doses thanAAV technology alone, thus also conferring cost and tolerability benefits. Oureventual goal is to completely replace AAV with our non-viral nanoparticletechnology, freeing future product development in gene therapy of AAVlimitations.

Our most advanced gene therapy programs are:

We expect our expenses and losses to increase substantially for the foreseeablefuture as we continue our development of, and seek regulatory approvals for, ourproduct candidates, including P-PSMA-101 and P-MUC1C-ALLO1, and begin tocommercialize any approved products. While we anticipate an overall increase indevelopment costs as we continue to expand the number of product candidates inour pipeline and pursue clinical development of those candidates, we expect adecrease in our development costs on a per program basis as we are transitioningto our allogeneic platform. In addition, all or some of the development costsrelated to partnered gene therapy programs and cell therapy programs will bereimbursed by Takeda and Roche, respectively. We also expect our general andadministrative expenses will increase for the foreseeable future to support ourincreased research and development and other corporate activities. Our netlosses may fluctuate significantly from quarter-to-quarter and year-to-year,depending on the timing of our clinical trials and our expenditures on otherresearch and development activities.

We do not expect to generate any revenues from product sales unless and until wesuccessfully complete development and obtain regulatory approval for P-PSMA-101and P-MUC1C-ALLO1, or any other product candidates, which will not be for atleast the next several years, if ever. If we obtain regulatory approval for anyof our product candidates, we expect to incur significant commercializationexpenses related to product sales, marketing, manufacturing and distributionactivities. Accordingly, until such time, if ever, as we can generatesubstantial product revenue, we expect to finance our operations through equityofferings, debt financings or other capital sources, including potential grants,collaborations, licenses or other similar arrangements. However, we may not beable to secure additional financing or enter into such other arrangements in atimely manner or on favorable terms, if at all. There can be no assurances thatwe will be able to secure such additional sources of funds to support ouroperations, or, if such funds are available to us, that such additionalfinancing will be sufficient to meet our needs. Our failure to raise capital orenter into such other arrangements when needed would have a negative impact onour financial condition and could force us to delay, reduce or

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terminate our research and development programs or other operations, or grantrights to develop and market product candidates that we would otherwise preferto develop and market ourselves.

The manufacturing process for our allogeneic product candidates is nearlyidentical to the process for our autologous product candidates, except for thegene editing and related steps. We work with a number of third-party contractmanufacturing organizations for production of our product candidates. We alsowork with a variety of suppliers to provide our manufacturing raw materialsincluding media, DNA and RNA components. We have completed construction of aninternal pilot GMP manufacturing facility in San Diego, California adjacent toour headquarters to develop and manufacture preclinical materials and clinicalsupplies of our product candidates for Phase 1 and Phase 2 clinical trials inthe future. We commenced GMP activity in the third quarter of 2021, however weexpect that we will continue to rely on third parties for various manufacturingneeds. In the future, we may also build one or more commercial manufacturingfacilities for any approved product candidates.

Collaboration Agreements

Roche Collaboration Agreement

In July 2022, we entered the Roche Collaboration Agreement with Roche, pursuantto which we will grant to Roche: (i) an exclusive, worldwide license undercertain of our intellectual property to develop, manufacture and commercializeallogeneic CAR-T cell therapy products from each of our existing P-BCMA-ALLO1and P-CD19CD20-ALLO1 programs, or each, a Tier 1 Program; (ii) an exclusiveoption to acquire an exclusive, worldwide license under certain of ourintellectual property to develop, manufacture and commercialize allogeneic CAR-Tcell therapy products from our existing P-BCMACD19-ALLO1 and P-CD70-ALLO1programs, or each, a Tier 2 Program; (iii) an exclusive license under certain ofour intellectual property to develop, manufacture and commercialize allogeneicCAR-T cell therapy products from the up to six Collaboration Programs, asdefined below, designated by Roche; (iv) an option for a non-exclusive,commercial license under certain limited intellectual property to develop,manufacture and commercialize certain Roche proprietary cell therapy productsfor up to three solid tumor targets to be identified by Roche, or LicensedProducts; and (v) the right of first offer for two of our early-stage existingprograms within hematologic malignancies.

For each Tier 1 Program, we will perform development activities through a Phase1 dose escalation clinical trial, and Roche is obligated to reimburse aspecified percentage of certain costs incurred by us in our performance of suchactivities, up to a specified reimbursement cap for each Tier 1 Program. Foreach Tier 2 Program, we will perform research and development activities eitherthrough selection of a development candidate for IND-enabling studies or,subject to Roche's election and payment of an option maintenance fee, throughcompletion of a Phase 1 dose escalation clinical trial. In addition, for eachTier 2 Program for which Roche exercises its option for an exclusive license,Roche is obligated to pay us an option exercise fee. For each Tier 1 Program andTier 2 Program, we will perform manufacturing activities until the completion ofa technology transfer to Roche.

The parties will conduct an initial two-year research program to explore andpreclinically test a specified number of agreed-upon next generation therapeuticconcepts relating to allogeneic CAR-T cell therapies. Subject to Roche'selection and payment of a fee, the parties would subsequently conduct a secondresearch program of 18 months under which the parties would explore andpreclinically test a specified number of additional agreed-upon next generationtherapeutic concepts relating to allogeneic CAR-T therapies. Roche may designateup to six heme malignancy-directed, allogeneic CAR-T programs from the tworesearch programs, for each of which we will perform research and developmentactivities through selection of a development candidate for IND-enablingactivities, or each, a Collaboration Program. Upon its designation of eachCollaboration Program, Roche is obligated to pay a designation fee. After wecomplete lead optimization activities for a Collaboration Program, Roche mayelect to transition such program to Roche with a payment to us or terminate it.Alternatively, Roche may elect, for a limited number of Collaboration Programs,to have us conduct certain additional development and manufacturing activitiesthrough the completion of a Phase 1 dose escalation clinical trial, in whichcase Roche will pay certain milestones and reimburse a specified percentage ofour costs incurred in connection with such development and manufacturingactivities. For each Collaboration Program, we will perform manufacturingactivities until the completion of a technology transfer to Roche.

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Under the Roche Collaboration Agreement, Roche is obligated to make an upfrontpayment to us of $110.0 million. We could also receive up to $110.0 million innear-term fees and milestone and other payments. Subject to Roche exercising itsTier 2 Program options, designating Collaboration Programs, and exercising itsoption for the Licensed Products commercial license and contingent on, amongother things, the products from the Tier 1 Programs, optioned Tier 2 Programsand Collaboration Programs achieving specified development, regulatory, and netsales milestone events, we are eligible to receive certain reimbursements, feesand milestone payments, including the near-term fees and milestone paymentsdescribed above, in the aggregate up to $6.0 billion, comprised of (i) $1.5billion for the Tier 1 Programs; (ii) $1.1 billion for the Tier 2 Programs,(iii) $2.9 billion for the Collaboration Programs; and (iv) $415 million for theLicensed Products.

We are further entitled to receive, on a product-by-product basis, tieredroyalty payments in the mid-single to low double digits on net sales of productsfrom the Tier 1 Programs, optioned Tier 2 Programs and Collaboration Programsand in the low to mid-single digits for Licensed Products, in each case, subjectto certain customary reductions and offsets. Royalties will be payable, ona product-by-product and country-by-country basis, until the latest of theexpiration of the licensed patents covering such product in such country or tenyears from first commercial sale of such product in such country.

The Roche Collaboration Agreement will become effective upon the expiration ortermination of the applicable waiting period under the Hart-Scott-RodinoAntitrust Improvements Act of 1976, as amended, and continue on aproduct-by-product and country-to-country basis until there is no remainingroyalty or other payment obligations. The Roche Collaboration Agreement includesstandard termination provisions, including for material breach or insolvency andfor Roche's convenience. Certain of these termination rights can be exercisedwith respect to a particular product or license, as well as with respect to theentire Roche Collaboration Agreement.

Takeda Collaboration Agreement

In October 2021, we entered into the Takeda Collaboration Agreement, pursuant towhich we granted to Takeda a worldwide exclusive license under ourpiggyBac, Cas-CLOVER, biodegradable DNA and RNA nanoparticle delivery technologyand other proprietary genetic engineering platforms to research, develop,manufacture and commercialize gene therapy products for certain indications,including Hemophilia A. We collaborate with Takeda to initially develop up tosix in vivo gene therapy programs and Takeda also has an option to add twoadditional programs to the collaboration. We are obligated to lead researchactivities up to candidate selection, after which Takeda is obligated to assumeresponsibility for further development, manufacturing and commercialization ofeach program.

Under the Takeda Collaboration Agreement, Takeda made an upfront payment to usof $45.0 million. Takeda is also obligated to provide funding for allcollaboration program development costs including our P-FVIII-101 program;provided that we are obligated to perform certain platform developmentactivities at our own cost. Timelines for P-FVIII-101 and other programs subjectto the Takeda Collaboration Agreement will be driven by Takeda. Under the TakedaCollaboration Agreement, we are eligible to receive preclinical milestonepayments that could potentially exceed $82.5 million in the aggregate ifpreclinical milestones for all six programs are achieved. We are also eligibleto receive future clinical development, regulatory and commercial milestonepayments of $435.0 million in the aggregate per target, with a total potentialdeal value over the course of the collaboration of up to $2.7 billion, ifmilestones for all six programs are achieved and up to $3.6 billion if themilestones related to the two optional programs are also achieved. We areentitled to receive tiered royalty payments on net sales in the mid-single tolow double digits, subject to certain standard reductions and offsets. Royaltieswill be payable, on a product-by-product and country-by-country basis, until thelatest of the expiration of the licensed patents covering such product in suchcountry, ten years from first commercial sale of such product in such country,or expiration of regulatory exclusivity for such product in such country.

In-License Agreements

Below is a summary of our key license agreements. For a more detaileddescription of these and our other license agreements, see the section titled"Business-In-License Agreements" and Note 11 to our annual consolidatedfinancial statements included in our 2021 Annual Report.

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CIRM Grant Funding

In 2017, we were granted an award in the amount of $19.8 million from CaliforniaInstitute of Regenerative Medicine, or CIRM, to support our clinical trial forP-BCMA-101. To date we have received a total of $19.7 million from this grantand we may receive up to $0.1 million in future grant payments upon closeout ofour clinical trial for this program. In the fourth quarter of 2021 we made thedecision to wind down clinical development of the P-BCMA-101 program andderecognized the liability related to amount of the award previously received.In 2018, we were granted an additional award in the amount of $4.0 million fromCIRM to support our preclinical studies for P-PSMA-101, of which we havereceived all proceeds from this grant. The terms of these awards include anoption to repay the grant or convert it to a royalty obligation uponcommercialization of the program. Based upon the terms of the grant agreements,we initially record proceeds as a liability when received and subsequentlyreassess based on our intention to repay the amounts associated with awards orconvert them to a royalty obligation.

Components of Our Results of Operations

Revenues

Collaboration Revenue

Collaboration revenue consists of revenue recognized from our collaboration andlicense agreement with Takeda and reflects the timing and pattern in which wedeliver the contractual deliverables to Takeda.

Operating Expenses

Research and Development

Research and development expenses consist primarily of external and internalcosts incurred for our research and development activities, includingdevelopment of our platform technologies, our drug discovery efforts and thedevelopment of our product candidates.

External costs include:

Internal costs include:

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We expense research and development costs as incurred. External expenses arerecognized based on an evaluation of the progress to completion of specifictasks using information provided to us by our service providers or our estimateof the volume of service that has been performed at each reporting date. Upfrontpayments and milestone payments made for the licensing of technology are relatedto clinical stage programs and expensed as research and development in theperiod in which they are incurred. Advance payments that we make for goods orservices to be received in the future for use in research and developmentactivities are recorded as prepaid expenses or other long-term assets. Theseamounts are expensed as the related goods are delivered or the services areperformed.

At any one time, we are working on multiple research programs. We track externalcosts by the stage of program, clinical or preclinical. Our internal resources,employees and infrastructure are not directly tied to any one program and aretypically deployed across multiple programs. As such, we do not track internalcosts on a specific program basis.

Product candidates in later stages of clinical development generally have higherdevelopment costs than those in earlier stages of clinical development,primarily due to CRO activity and manufacturing expenses. We expect that ourresearch and development expenses will increase substantially in connection withour planned preclinical and clinical development activities in the near term andin the future, including in connection with our ongoing Phase 1 trial ofP-PSMA-101 for the treatment of patients with mCRPC, Phase 1 trial ofP-BCMA-ALLO1 for the treatment of patients with relapsed/refractory multiplemyeloma and Phase 1 trial of P-MUC1C-ALLO1 for the treatment of patients withsolid tumor cancers and additional clinical programs expected to commence as weexpand our pipeline of drug candidates. We cannot accurately estimate or knowthe nature, timing and costs of the efforts that will be necessary to completethe preclinical and clinical development of any of our product candidates. Ourdevelopment costs may vary significantly based on factors such as:

the number and scope of preclinical and IND-enabling studies;

per patient trial costs;

the number of trials required for approval;

the number of sites included in the trials;

the countries in which the trials are conducted;

the length of time required to enroll eligible patients;

the number of patients that participate in the trials;

the drop-out or discontinuation rates of patients;

potential additional safety monitoring requested by regulatory agencies;

the duration of patient participation in the trials and follow-up;

the cost and timing of manufacturing our product candidates;

the phase of development of our product candidates;

the efficacy and safety profile of our product candidates;

the extent to which we establish additional licensing agreements; and

A change in the outcome of any of these variables with respect to thedevelopment of any of our product candidates could significantly change the coststructure and timing associated with the development of respective productcandidates. We may never succeed in obtaining regulatory approval for any of ourproduct candidates. We may obtain unexpected results from our clinical trialsand preclinical studies.

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General and Administrative

General and administrative expenses consist primarily of salaries and relatedcosts, including stock-based compensation, for personnel in executive, financeand administrative functions. General and administrative expenses also includedirect and allocated facility-related costs as well as professional fees forlegal, patent, consulting, investor and public relations, and accounting andaudit services. We anticipate that our general and administrative expenses willincrease in the future as we increase our headcount to support our continuedresearch activities and development of our product candidates, includingP-PSMA-101, P-BCMA-ALLO1 and P-MUC1C-ALLO1, and begin to commercialize anyapproved products.

Interest expense consists of interest expense on outstanding borrowings underour loan agreement and amortization of debt discount and debt issuance costs.

Other Income (Expense), Net

Other income (expense), net consists of interest income and miscellaneous incomeand expense unrelated to our core operations. Interest income is comprised ofinterest earned on our available-for-sale securities.

Results of Operations

Comparison of the Three Months Ended June 30, 2022 and 2021

The following table summarizes our results of operations (in thousands):

Collaboration revenue of $2.7 million for the three months ended June 30, 2022represents revenue recognized from the Takeda Collaboration Agreement that weentered into in the fourth quarter of 2021 and related to the research serviceswe performed for Takeda.

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Research and Development Expenses

Preclinical stage programs and other

Total research and development expenses $ 35,008 $ 36,008 $ (1,000 )

(1) Clinical stage programs include costs related to P-BCMA-ALLO1, P-MUC1C-ALLO1,

Research and development expenses were $35.0 million for the three months endedJune 30, 2022, compared to $36.0 million for the three months ended June 30,2021. The decrease in research and development expenses of $1.0 million wasprimarily due to a decrease of $4.1 million in external costs related to ourclinical stage programs, driven mainly by the wind-down of our clinicaldevelopment activities associated with the P-BCMA-101 program, as announced inthe fourth quarter of 2021, and an early termination and accelerated expense ofa contract with one of our autologous contract manufacturers in the firstquarter of 2022, partially offset by increases in the number of ongoing clinicaltrials, including enrollment and manufacturing for the P-PSMA-101, P-BCMA-ALLO1,and the P-MUC1C-ALLO1 Phase 1 clinical trials, and a $1.7 million decrease inexternal costs related to our preclinical stage programs, driven mainly by thetransition of the P-BCMA-ALLO1 and P-MUC1C-ALLO1 programs to clinical stage. Theincrease of $4.0 million in personnel expenses was a result of an increase inheadcount which included a $0.4 million increase in stock-based compensationexpense.

General and Administrative Expenses

General and administrative expenses were $9.2 million for the three months endedJune 30, 2022, compared to $8.9 million for the three months ended June 30,2021. The increase in general and administrative expenses of $0.4 million wasprimarily due to an increase of $0.2 million in personnel expenses as a resultof an increase in headcount which included a $0.1 million increase instock-based compensation expense.

Interest Expense

Interest expense was $1.5 million for the three months ended June 30, 2022,compared to $0.8 million for the three months ended June 30, 2021 and consistedof interest on the principal balance outstanding under our term loans withOxford Finance LLC, or Oxford. The increase in interest expense of $0.7 millionwas primarily due to an increase in principal outstanding related to themodification of the terms of our loan pursuant to the 2022 Loan Agreement, asdefined below, which we entered into in February 2022.

Other Income (Expense), Net

Other income, net was less than $0.1 million for each of the three months endedJune 30, 2022 and 2021.

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Comparison of the Six Months Ended June 30, 2022 and 2021

The following table summarizes our results of operations (in thousands):

Collaboration revenue of $4.1 million for the six months ended June 30, 2022represents revenue recognized from the Takeda Collaboration Agreement that weentered into in the fourth quarter of 2021 and related to the research serviceswe performed for Takeda.

Research and Development Expenses

Preclinical stage programs and other

Total research and development expenses $ 83,858 $ 65,103 $ 18,755

(1) Clinical stage programs include costs related to P-BCMA-ALLO1, P-MUC1C-ALLO1,

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Research and development expenses were $83.9 million for the six months endedJune 30, 2022, compared to $65.1 million for the six months ended June 30, 2021.The increase in research and development expenses of $18.8 million was primarilydue to an increase of $8.7 million in external costs related to our clinicalstage programs from an increase in the number of ongoing clinical trials,including enrollment and manufacturing for the P-PSMA-101 Phase 1, theP-BCMA-ALLO1 Phase 1, and the P-MUC1C-ALLO1 Phase 1 clinical trials, an increaseof $8.4 million in personnel expenses as a result of an increase in headcountwhich included a $1.2 million increase in stock-based compensation expense, anda $1.3 million increase in internal facilities and other costs. The increase inexternal costs related to our clinical stage programs also includes a loss on acontract termination related to an early termination and accelerated expense ofa contract with one of our autologous contract manufacturers during the sixmonths ended June 30, 2022, consisting of future contractual paymentobligations, a write off of deferred milestone payments previously made to ourautologous contract manufacturer, and an impairment of a related right-of-useasset, partially offset by the wind-down of our clinical development activitiesassociated with the P-BCMA-101 program.

General and Administrative Expenses

General and administrative expenses were $18.8 million for the six months endedJune 30, 2022, compared to $17.2 million for the six months ended June 30, 2021.The increase in general and administrative expenses of $1.5 million wasprimarily due to an increase of $1.3 million in personnel expenses as a resultof an increase in headcount which included a $0.7 million increase instock-based compensation expense.

Interest Expense

Interest expense was $2.6 million for the six months ended June 30, 2022,compared to $1.7 million for the six months ended June 30, 2021 and consisted ofinterest on the principal balance outstanding under our term loans with Oxford.The increase in interest expense of $0.9 million was primarily due to anincrease in principal outstanding related to the modification of the terms ofour loan pursuant to the 2022 Loan Agreement, as defined below, which we enteredinto in February 2022.

Other Income (Expense), Net

Other income, net was less than $0.1 million for each of the six months endedJune 30, 2022 and 2021.

Liquidity and Capital Resources

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How Arkeon Biotechnologies is turning CO2 into food: ‘Excuse my language, but this is next-level cool’ – FoodNavigator.com

Posted: August 14, 2022 at 2:49 am

Arkeon Biotechnologies was founded in response to the worlds current food systems, which all three co-founders CEO Gregor Tegl, CSO Simon Rittman, and CTO Gnther Bochmann deem to be unsustainable.

Bochmann and Rittman joined the start-up with an interest in gas fermentation. The duo believes in the potential of repurposing environmentally harmful gas for good.

Tegl, on the other hand, has long been fascinated by enzymes, he recalled.

Thats where we combined. We found that combining two things, notably gas fermentation and enzymes, can upgrade the functionality of whatever is coming out of the bioreactor. Its a powerful tool to convert waste streams, such as CO2, into value-added products.

This is the Austrian start-ups strategy. Combining science with a life-long passion for food, Arkeon wants to fix the worlds broken food systems by producing protein ingredients the most sustainable way possible. We think weve found a pretty good way of doing that, Tegl told FoodNavigator.

Arkeon is developing a novel way of producing the building blocks of protein: amino acids.

Amino acids are monomers that when linked together form the chains we know as proteins. It is the amino acids that make up the protein that our bodies use for energy, explained Tegl.

Proteins are complex in nature and can be difficult to work with, which is why the start-up is interested in producing only the building blocks themselves. We circumvent all the trade-offs that come with the nature of a protein.

Arkeon does this by leveraging microorganisms. The start-up has identified an archaeon capable of producing all 20 amino acids required for human nutrition in one natural fermentation process.

Archaea are single-cell organisms considered a major part of Earths life. They live in extreme environments such as hot springs and salt lakes and are part of the microbiota of all organisms. In the human microbiome, for example, they are found in the gut, mouth, and on the skin.

Producing all amino acids in one fermentation is unheard of, stressed Tegl. Of course, Arkeon is not the first start-up to product alternative proteins with microbes in a lab. However, Arkeons mode of production is unique, the CEO suggested.

Other microbes producing amino acids tend to keep them for themselves to create biomass, Tegl explained. Our microbe is producing all these amino acids and spitting them outside the cell, so we can retrieve these building blocks and already have a really valuable nutrient source from our culture medium.

This is one of Arkeons key advantages, according to the CEO. While a wealth of scientists is studying the physiology of such organisms, very few are interested in their biotechnological exploitation. This gives us a competitive advantage.

Another advantage of Arkeons technology is its carbon source. It turns out the start-ups archaeon of choice likes to feed on carbon dioxide, which is handy given that CO2 is common waste product.

You can use CO2 from any industry. The easiest, at least in the beginning, would be microbially produced such as from breweries of bioethanol plants. Thats very pure CO2 and already food-grade because its coming out of a food production process, Tegl explained, adding that using CO2 in this way makes its production carbon negative. So thats a very attractive source.

The other gas input is hydrogen, which in produced from electricity and water. A green hydrogen approach would require water and renewable energy. That can be done on-site using an electrolyser, but we are also in touch with green hydrogen producersto ensure a strong and secure supply.

The CEO likened the fermentation to that used in beer brewing, with the main differentiator being that in Arkeons case, the carbon source comes from CO2 and the energy source, hydrogen.

The fermentation itself takes place in an off-the-shelf bioreactor operating at atmospheric pressure, which Tegl explained is uncommon in gas fermentation. The higher the pressure in the vessel, the better the gas dissolves. But when you have a microbe like ours, which is so efficient in taking up those gases, you dont need [higher pressure].

In so doing, Arkeons gas fermentation process is economically viable, we were told.

Using these two gas inputs means that the process is independent of agriculture. No part of Arkeons feedstock grows on arable land, which the start-up stressed is a big advantage particularly given the climate catastrophe we are facing, and temperature fluctuations impacting the agricultural sector.

Once the archeon has produced amino acids in the bioreactor, the start-up binds them to peptides. From there, Arkeon says it can make a variety of functional foods.

A key benefit in working with amino acids, rather than protein, is that Arkeons solution is highly soluble. Other advantages in working with amino acids rather than plant proteins lie in avoiding some of the pain points of the protein industry, Tegl explained.

Pea protein, for example, come with off-notes that food formulators often have to mask with additional ingredients. Another key issue is bioavailability.

Protein quality is typically defined in terms of protein digestibility-corrected amino acid score (PDCAAS), which is a measure of its essential amino acid composition and digestibility.

While some plant proteins, such as soy protein, are considered good quality proteins with a PDCAAS score of 1 (the highest possible score), others score much lower. Tree nuts, for example come in under 0.50, with wheat gluten even lower.

Meat products such as chicken, on the other hand, has a PDCAAS score of 0.95 and beef, 0.92.

Arkeons solution offers the nutritional equivalent to meat, which as shown by the PDCAAS ranking, is higher than a lot of plant proteins available. The start-ups powdered ingredients, therefore, can help improve the nutritional profiles of plant-based analogues, Tegl explained.

The next generation of plant-based products will increasingly focus on alt seafood, the CEO predicts, such as smoked, raw fish. However, these products are not remotely close to the nutritional profile of alt meat products on the market.

If we are truly going to swap from conventional meat to alternative protein products, but those offerings dont provide the nutritional value of meat, we will have a huge issue on our hands and nutritional deficiencies.

This is where Arkeon plans to make a difference. The start-up wants to collaborate with vegan start-ups to ensure their products protein content is up to scratch, without compromising on consistency or taste. That is something our protein ingredients can deliver.

Arkeon is looking to commercialisation in Europe and the US, but revealed Singapore is also on its radar.

Its ingredient is classified as a Novel Food under EU law, meaning that regulatory approval will need to be sought before marketing its ingredient on home soil. While it is classified as a novel food, its not because of the ingredients were producing because they are well known.

Its simply due to the microbe were using, which has not been used in food production before.

It may well be that because Arkeons technology does not rely on genetic engineering, and if it can prove its end product is not contaminated with the cells DNA, the process is straightforward.

That is not to say that Arkeon is against genetic engineering. Thanks to current efficiencies, the start-up wont look at incorporating the technology in the short- to mid-term, but wouldnt be against genetically programming its microbe in the future. For a protein ingredient, its simply an incredibly efficient thing to do, and not harmful.

Scale is another challenge, and one that almost all novel fermentation-based protein start-ups are facing. Arkeon is currently transitioning into a 150L bioreactor and expects that spending time identifying its scaling criterion and understanding its bottlenecks will pay off.

Concerning price parity, the start-up believes it can undercut the cost of equivalent proteins by half. When producing at full scale, the start-up expects its product will retail for around 7 per kg of dry weight.

FoodNavigator also queried Tegl about consumer acceptance. Will consumers be willing to eat amino acids produced in a lab? Fermentation has been used in food production for millennia, it's one of the most natural ways to produce protein,"he explained. By the way, when consuming beer, youre not thinking about the steel tanks its produced in.

What is crucial for fermentation start-ups is that fermentation in general is somewhat in vogue, whether it be in the form of kombucha, sauerkraut, or kefir. The process is increasingly understood by consumers, and if its tasty and healthy, the start-up doesnt foresee any issues.

If we do encounter any problems in consumer acceptance in the future, its because we, as an industry, didnt spend enough time educating customers about the product.

Consumer acceptance will also come from how the ingredient will feature on-pack. While this is something that will be decided in the regulatory approval process, Tegl had a preference for cultured protein source. I think thats a very tangible term, and one wed like to follow.

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LETTER TO THE EDITOR: Lessons from 1984 | Letters To Editor | carolinacoastonline.com – Carolinacoastonline

Posted: August 14, 2022 at 2:49 am

Emerald Isle, N.C.

Aug. 12, 2020

TO THE EDITOR:

Preface to the 1984 Edition of the novel 1984 by Walter Cronkite:

American reporters, given a glimpse of Ayatollah Khomeini's Iran at the End of 1982, were saying that it was like 1984. It's Orwellian, one added.

Big Brother has become a common term for ubiquitous or overreaching authority, and Newspeak is a word we apply to the dehumanizing babble of bureaucracies and computer programs.

Those coinages have come into the language with lives of their own. They are familiar to millions who have never read 1984, who may not even know it as a novel written thirty-five years ago by English socialist Eric Blair, who became famous under the pen name George Orwell.

Seldom has a book provided a greater wealth of symbols for its age and for the generations to follow, and seldom have literary symbols been invested with such power. How is that? Because they were so useful, and became the features of the world he drew, outlandish as they were, also were familiar.

They are familiar today, they were familiar when the book was first published in 1949. We've met Big Brother in Stalin and Hitler and Khomeini. We hear Newspeak in every use of the language to manipulate, deceive, to cover harsh realities with the soft snow of euphemism.

And every time a political leader expects or demands that we believe the absurd, we experience that mental process Orwell called Doublethink. From the show trials of the pre-war Soviet Union to the dungeon courts of post-revolutionary Iran, 1984's vision of justice as foregone conclusion is familiar to us all. As soon as we were introduced to such things, we realized we had always known them.

What Orwell had done was not to foresee the future but to see the implications of the present -- his present and ours -- and he touched a common chord. He had given words and shapes to common but unarticulated fears running deep through all industrial societies.

George Orwell was no prophet, and those who busy themselves keeping score on his predictions and grading his use of the crystal ball miss the point. While here he is a novelist, he is also a sharp political essayist and a satirist with a bite not felt in the English language since Jonathan Swift.

If not prophecy, what was 1984? It was, as many have noticed, a warning: a warning about the future of human freedom in a world where political organization and technology can manufacture power in dimensions that would stunned the imaginations of earlier ages.

Orwell drew upon the technology (and perhaps some of the science fiction) of the day in drawing his picture of 1984. But it was not a work of science fiction he was writing. It was a novelistic essay on power, how it is acquired and maintained, how those who seek it or seek to keep it tend to sacrifice anything and everything in its name.

1984 is an anguished lament and a warning that vibrates powerfully when we may not be strong enough, nor wise enough, nor moral enough to cope with the kind of power we have learned to amass.

That warning vibrates powerfully when we allow ourselves to sit still and think carefully about orbiting satellites that can read the license plates in a parking lot and computers that can read into thousands of telephone calls and telex transmissions at once and other computers that can do our banking and purchasing, can watch the house and tell a monitoring station what television program we are watching and how many people there are in a room. We think of

Orwell when we read of scientists who believe they have located in the human brain the seats of behavioral emotions like aggression, or learn more about the vast potential of genetic engineering.

And we hear echoes of that warning chord in the constant demand for greater security and comfort, for less risk in our societies.

We recognize, however dimly, that greater efficiency, ease, and security may come at a substantial price in freedom that "law and order" can be a doublethink version of oppression that individual liberties surrendered for whatever good reason are freedoms lost.

Critics and scholars may argue quite legitimately about the particular literary merits of 1984. But none can deny its power, its hold on the imagination of a whole generations, nor the power of its admonitions . . . a power that seems to grow rather than lessen with the passage of time.

It has been said that 1984 fails as a prophecy because it succeeded as a warning -- Orwell's terrible vision has been averted. Well, that kind of self-congratulation is, to say the least, premature.

1984 may not arrive on time, but there's always 1985.

Still, the warning has been effective; and every time we use one of those catch phrases . . . recognize Big Brother in someone, see a 1984 in our future . . . notice something Orwellian . . . we are listening to that warning again.

This was written by Walter Cronkite in 1983. Both Orwell and Cronkite saw the writing on the wall. In the novel, Big Brother (big government) uses fear, oppression and hate to control and manipulate every aspect of people's lives. This includes what you can say, what you can think, and even who you can love.

I think it is especially pertinent today given that we seem to be edging ever closer to 1984. I sincerely hope that Orwell's 1984 is still required reading in our public schools.

JEFFREY WARD

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Novartis Confirms Deaths of Two Patients Treated with Gene Therapy Zolgensma – Genetic Engineering & Biotechnology News

Posted: August 14, 2022 at 2:49 am

Novartis has acknowledged that two patients have died of acute liver failure following treatment with its Zolgensma (onasemnogene abeparvovec-xioi), a one-time gene therapy indicated for some forms of spinal muscular atrophy (SMA).

As a result, the company said, it will revise Zolgensmas label to specify that fatal acute liver failure has been reported.

While this is important safety information, it is not a new safety signal and we firmly believe in the overall favorable risk/benefit profile of Zolgensma, Novartis said in a statement emailed to GEN and other news organizations.

Mani Foroohar, MD, Senior managing director, Genetic Medicines, and a senior research analyst with SVB Securities, wrote in a research note today that the deaths are expected to touch off renewed public discussion over the safety of adeno-associated virus (AAV) gene therapies such as Zolgensma.

We expect these events to rekindle broader debates on safety and management of systemic AAV therapies in fragile or very young patients, one contributor to the overhang on gene therapy stocks across our coverage, which have underperformed the biotech sector as a whole YTD [year to date], Foroohar wrote.

The labelincluding a Boxed Warning in the U.S. Prescribing Information for the gene therapyhas until now included acute liver failure as a known side effect that has been reported following treatment.

A 2020 paper published in The Journal of Pediatrics detailed two cases of transient, drug-induced subacute liver failure following treatment with Zolgensma. A 2021 study in Nature-published Gene Therapy showed that of nine children treated with the gene therapy in Qatar, none experienced failurebut all patients experienced elevated levels of the liver enzymes aspartate aminotransferase (AST) or alanine transaminase (ALT), two experienced high prothrombin time, and one experienced elevated bilirubin. One patient experienced vomiting after infusion.

The deaths are the first fatal cases of acute liver failure that have been linked to Zolgensma, a gene therapy developed by AveXis. Novartis acquired AveXis for $8.7 billion in a deal completed in 2018.

A year later in May 2019, the FDA approved Zolgensma for the treatment of SMA in pediatric patients less than two years of age with SMA with bi-allelic mutations in the survival motor neuron 1 (SMN1) gene. Zolgensma was the second gene therapy authorized by the FDA for an inherited disease.

During the first half of this year, Zolgensma generated $742 million in net sales, up 17% from JanuaryJune 2021. Zolgensma finished last year with $1.351 billion in net sales, up 47% from 2020. Novartis considers Zolgensma among its key growth brands.

In trading today, Novartis shares dipped 1.16% on the SIX Swiss Exchange, to CHF 80.10 ($85.06).

To date, Novartis stated, Zolgensma has been used to treat more than 2,300 patients worldwide across clinical trials, managed access programs, and commercially.

We have notified health authorities in all markets where Zolgensma is used, including FDA, and are communicating to relevant healthcare professionals as an additional step in markets where this action is supported by health authorities, Novartis added.

Novartis has long asserted that Zolgensmas benefits in halting SMA and facilitating infant development milestones justify its $2.1 million list price, though the company has also long cited its discounted patient-access programs with insurers.

Novartis did not reveal information about the patientswho were both children according to STAT News, which first reported the deaths. However, the company did disclose that one of the fatal cases of acute liver failure took place in Russia and the other, in Kazakhstan.

Both cases occurred at approximately five to six weeks post Zolgensma infusion, and approximately 110 days following the initiation of corticosteroid taper, Novartis stated.

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Synlogic Announces Synthetic Biotic for Gout Developed in Partnership with Ginkgo Bioworks – PR Newswire

Posted: August 14, 2022 at 2:49 am

SYNB2081 is the second clinical drug candidate developed through the partnership between Ginkgo and Synlogic

CAMBRIDGE, Mass. and BOSTON, Aug. 11, 2022 /PRNewswire/ -- Synlogic, Inc. (Nasdaq: SYBX), a clinical-stage biotechnology company developing medicines for metabolic and immunological diseases through its proprietary approach to synthetic biology, today announced a new drug candidate for the treatment of gout developed in partnership with Ginkgo Bioworks (NYSE: DNA), the leading horizontal platform for cell programming. The new candidate, SYNB2081, is a Synthetic Biotic and is the second product to advance to clinical development through a research collaboration between Synlogic and Ginkgo, following the investigational new drug candidate SYNB1353 for the potential treatment of homocystinuria (HCU).

Gout is a complex form of inflammatory arthritis that occurs when excess uric acid in the body forms crystals in the joints. Patients experience symptoms such as intense joint pain, inflammation and redness, and limited range of motion in the affected joints. Current treatment options present limitations in both safety and efficacy, highlighting a need for new approaches. In addition, gout is a recognized risk factor in chronic kidney disease. SYNB2081 is a Synthetic Biotic designed to lower uric acid.

"With our second drug candidate into clinical development, this not only demonstrates the value of combining Ginkgo's platform with our Synthetic Biotic platform, but also highlights the potential to develop Synthetic Biotics across a range of diseases, giving us the potential to provide meaningful new treatment options to patients in need," said Dr. David Hava, Chief Scientific Officer, Synlogic.

SYNB2081 is named after one of the largest and best-preserved Tyrannosaurus rex specimens in the world. Nicknamed "Sue," the specimen is housed at the Field Museum in Chicago and is officially named FMNH PR 2081. Data from "Sue" suggests that dinosaurs like the Tyrannosaurus rex suffered from gout much in the same way as other reptiles and birds do.

"The advancement of SYNB2081 and SYNB1353 are clear indicators of the transformative platform Synlogic has created to develop new Synthetic Biotics through synthetic biology," said Patrick Boyle, Head of Codebase for Ginkgo. "We're honored to work with the Synlogic team in this pioneering next step to potentially help patients living with gout. As we've seen the Synlogic pipeline develop over the past year, we're eager to continue supporting Synlogic in generating additional therapeutic candidates."

About Synlogic

Synlogicis a clinical-stage biotechnology company developing medicines through its proprietary approach to synthetic biology. Synlogic's pipeline includes its lead program in phenylketonuria (PKU), which has demonstrated proof of concept with plans to start a pivotal, Phase 3 study in the first half of 2023, and additional novel drug candidates designed to treat homocystinuria (HCU) and enteric hyperoxaluria. The rapid advancement of these potential biotherapeutics, called Synthetic Biotics, has been enabled by Synlogic's reproducible, target-specific drug design.Synlogicuses programmable, precision genetic engineering of well-characterized probiotics to exert localized activity for therapeutic benefit, with a focus on metabolic and immunologic diseases. In addition to its clinical programs,Synlogichas a research collaboration with Roche on the discovery of a novel Synthetic Biotic for the treatment of inflammatory bowel disease. Synlogic has also developed two drug candidates through a research collaboration with Ginkgo Bioworks: SYNB1353, designed to consume methionine for the potential treatment of HCU, and SYNB2081, designed to lower uric acid for the potential treatment of gout. For additional information visitwww.synlogictx.com.

About Ginkgo Bioworks

Ginkgo is building a platform to enable customers to program cells as easily as we can program computers. The company's platform is enabling biotechnology applications across diverse markets, from food and agriculture to industrial chemicals to pharmaceuticals. Ginkgo has also actively supported a number of COVID-19 response efforts, including K-12 pooled testing, vaccine manufacturing optimization and therapeutics discovery. For more information, visit http://www.ginkgobioworks.com.

Forward-Looking Statements of Synlogic

This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, clinical development plans, future financial position, future revenue, projected expenses, prospects, plans and objectives of management are forward-looking statements. In addition, when or if used in this press release, the words "may," "could," "should," "anticipate," "believe," "look forward," "estimate," "expect," "intend," on track," "plan," "predict" and similar expressions and their variants, as they relate to Synlogic, may identify forward-looking statements. Examples of forward-looking statements, include, but are not limited to, statements regarding the potential of Synlogic's approach to Synthetic Biotics to develop therapeutics to address a wide range of diseases including: inborn errors of metabolism and inflammatory and immune disorders; our expectations about sufficiency of our existing cash balance; the future clinical development of Synthetic Biotics, including SYNB2081; the approach Synlogic is taking to discover and develop novel therapeutics using synthetic biology; and the expected timing of Synlogic's clinical trials of SYNB1618, SYNB1934, SYNB1353 and SYNB8802 and availability of clinical trial data. Actual results could differ materially from those contained in any forward-looking statements as a result of various factors, including: the uncertainties inherent in the clinical and preclinical development process; the ability of Synlogic to protect its intellectual property rights; and legislative, regulatory, political and economic developments, as well as those risks identified under the heading "Risk Factors" in Synlogic's filings with the U.S Securities and Exchange Commission. The forward-looking statements contained in this press release reflect Synlogic's current views with respect to future events. Synlogic anticipates that subsequent events and developments will cause its views to change. However, while Synlogic may elect to update these forward-looking statements in the future, Synlogic specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Synlogic's view as of any date subsequent to the date hereof.

Forward-Looking Statements of Ginkgo Bioworks

This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the potential success of the partnership and Ginkgo's cell programming platform. These forward-looking statements generally are identified by the words "believe," "can," "project," "potential," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the effect of Ginkgo's business combination with Soaring Eagle Acquisition Corp. ("Soaring Eagle") on Ginkgo's business relationships, performance, and business generally, (ii) risks that the business combination disrupts current plans of Ginkgo and potential difficulties in Ginkgo's employee retention, (iii) the outcome of any legal proceedings that may be instituted against Ginkgo related to its business combination with Soaring Eagle, (iv) volatility in the price of Ginkgo's securities now that it is a public company due to a variety of factors, including changes in the competitive and highly regulated industries in which Ginkgo operates and plans to operate, variations in performance across competitors, changes in laws and regulations affecting Ginkgo's business and changes in the combined capital structure, (v) the ability to implement business plans, forecasts, and other expectations after the completion of the business combination, and identify and realize additional opportunities, (vi) the risk of downturns in demand for products using synthetic biology, (vii) the unpredictability of the duration of the COVID-19 pandemic and the demand for COVID-19 testing and the commercial viability of our COVID-19 testing business, (viii) changes to the biosecurity industry, including due to advancements in technology, emerging competition and evolution in industry demands, standards and regulations, and (ix) our ability to close and realize the expected benefits of pending merger and acquisition transactions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of Ginkgo's quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC") on May 16, 2022 and other documents filed by Ginkgo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Ginkgo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Ginkgo does not give any assurance that it will achieve its expectations.

SYNLOGIC MEDIA CONTACT:Bill Berry Berry & Company Public Relations 212-253-8881; [emailprotected]

SYNLOGIC INVESTOR CONTACT:Andrew Funderburk Kendall Investor Relations 617-914-0008; [emailprotected]

GINKGO BIOWORKS INVESTOR CONTACT:[emailprotected]

GINKGO BIOWORKS MEDIA CONTACT:[emailprotected]

SOURCE Ginkgo Bioworks

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