Companies Once Growing, Now Slowing

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An Icelandic scaleup has sparked hopes of a breakthrough in dementia treatment after raising €26.5mn for groundbreaking research. Arctic Therapeutics (ATx) attracted the investment after pioneering a new approach to drug development. Founded in 2015, the company first analyses genomic data with bioinformatics — a blend of computer science and biology.

Dutch scaleup Mosa Meat, the maker of the “world’s kindest burger,” has submitted its first request to sell cultivated meat in the EU.  Cultivated or “lab-grown” meat is made by harvesting animal cells and growing them in a high-tech bioreactor filled with a nutrient-packed broth. The result? Real meat minus the slaughterhouses and climate-heating emissions.  Singapore, the US, and most recently Israel are the only countries that have approved sales of cultivated meat for human consumption.