Biotechnology company Pluri Inc ( NASDAQ: PLUR ) Tuesday reported strategic investments in Pluri’s subsidiary, Ever After Foods Ltd, which offers a technology platform to produce cultivated food with cost-efficient scalability. Pluri ( PLUR ) shares rose +9.71% to $5.
76 premarket. Ever After Foods is Pluri’s majority-owned joint venture with Israeli food giant Tnuva Food-Tech Incubator, and has exclusive licensing rights to use Pluri’s technology and intellectual property to develop, manufacture and commercialize cultivated meat. The $10 million funding round will propel Ever After Foods’ cost-advantageous and scalable technology platform, positioning it as a leading technology enabler, Pluri Inc ( PLUR ) said.
"The current investment round in Ever After Foods is led by new global partners, and includes Tnuva's renewed commitment as well. We believe this validates Pluri’s strategy and underscores the quality of our technology and solutions,” explained Yaky Yanay, Chief Executive Officer and President of Pluri. Source: Press Release More on Pluri Inc.
Financial information for Pluri Inc..
