According to the report, the company has examined a process it is developing for the industrial growth of stem cells for the purpose of printing meat. As part of the process, the cells undergo differentiation from basic stem cells to muscle cells that eventually form the muscle tissue in the clean meat printed by the company.
In the experiment, stem cells were taken, which were produced in the company’s laboratories and fed by a unique nutrient compound that was developed in the company’s laboratories, and sorted into muscle cells. The nutrient compound directs the stem cells to differentiate into muscle cells in the sorting process that the company is developing. The success of the sorting process is a key milestone in achieving the company’s goal, producing edible meat, without slaughtering or using animals, using the technologies it develops.
The company notes that this experiment, along with the experiment conducted to sort the fat cells, allows the company to begin work on the thin print layer made up of several cell types. In doing so, Mit-Tech will approach the completion of the next milestone in the project, which is to print a layer of several different cell types to create whole meat tissue.
Recall that Meat Tech does present an impressive vision, but despite the success of the experiments, which signal technological feasibility, the company has not yet demonstrated economic feasibility for the technology it is developing. That is, it is still a dream (which may or may not come true). However, the company is working to list its shares on Nasdaq and the upside that anyone who believes in the stock sees – apparently, the hope is that if the company does start trading on Nasdaq, with or without proof of economic feasibility, the stock will enjoy the hype enjoyed by meat substitutes.
Against this background, we warned at the beginning of June (when the company was traded at a market value of about NIS 420 million) that this was a speculative investment, and it is highly doubtful whether this market value is justified (for the full article). The stock, which is now soaring by about 10%, has since lost about 33% of its value and the company is now trading at a market value of about NIS 280 million.
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