Bayer and Ginkgo Bioworks Close Deal Creating Agricultural Biologicals Powerhouse

By • on November 29, 2022

Yahoo reported that Bayer has closed a transaction with Ginkgo Bioworks to begin a multi-year strategic partnership to accelerate research and development of biological products for agriculture. With this transaction, the Biologics business which is part of Bayer’s Crop Science Division, will be able to further engage the open innovation ecosystem and build upon its leading position as partner of choice for innovators and scientists around the world. “Biological solutions play a critical role in the agricultural innovation ecosystem, and we see tremendous opportunity for these products to add even more value for agriculture in the future,” said Dr. Robert Reiter, Head of R&D at Bayer’s Crop Science Division. “The open innovation approach will accelerate the product pipeline and will make sure that we bring high-quality biological solutions and innovative technologies to the market faster.”

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