Synthetic Biology Market to Surpass US$ 78.74 Billion | Lumos Labs, Elevate Labs, Popreach Corporation, Cognifit

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Key Industry Developments:

July 2023 (Collaboration): Sumitomo Chemical Co., Ltd., a well-known Japanese chemical manufacturer, and Ginkgo Bioworks, a leader in cell programming and synthetic biology, announced a joint venture aimed at utilizing synthetic biology to create useful chemicals. This initiative builds on their existing biomanufacturing collaboration by using Ginkgo's cutting-edge synthetic biology platform to develop innovative approaches to chemical production.