By Elena Vardon

 

Shares in BSF Enterprise rose 12.5% on Friday after the group said cultivated meat has been approved for sale in the U.S.

At 1043 GMT, shares were up 1.5 pence at 13.5 pence.

The biotech-solutions investment company--which owns 3D Bio-Tissues--said cultivated meat companies Upside Foods and Eat Just got regulatory approval from the joint U.S. Department of Agriculture and Food and Drug Administration framework to sell their cultivated chicken products to consumers in the country.

"Today's approval will pave the way for the government approval for other producers of cultivated meat in the U.S., including companies that 3D Bio Tissues is looking to partner with and provide our patented serum-free and animal-free cell booster City-Mix", 3D Bio-Tissues Chief Executive Che Connon said.

 

Write to Elena Vardon at elena.vardon@wsj.com

 

(END) Dow Jones Newswires

June 23, 2023 07:04 ET (11:04 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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