Business
USDA Gives First Label Approval to Lab Grown Meat
USDA Gives First Label Approval to Lab Grown Meat.
About this update from Agronomics Limited
[{"type":"text","content":"\n\n16 June 2023\nAgronomics Ltd\n(\"Agronomics\" or the \"Company\")\n \nUSDA Gives First Label Approval to a Lab Grown Meat Company\nAgronomics (LON: ANIC), the leading listed company in cellular agriculture, is pleased to announce that UPSIDE Foods, Inc. (\"UPSIDE Foods\"), has become the first cell-cultivated meat company in the world to receive Label Approval from the US Department of Agriculture (\"USDA\"). This marks a significant milestone for the cultivated meat industry towards full regulatory approval and eventual commercialisation.\nThe USDA granted UPSIDE Foods Label Approval on 12 June 2023, enabling the company to label its cell-cultivated chicken products as safe to eat in the US. This is a first for a cell-cultivated meat company and represents a momentous step forward for the entire industry. The development follows on from UPSIDE Foods being the first company to have its cell-cultivated products designated as safe to eat by the US Food and Drug Administration (\"FDA\"), as detailed in the Agronomics announcement released 17 November 2022.\nThere is now only one further step before UPSIDE Foods achieves full approval to sell its cell-cultivated products in the US market. This involves the USDA providing a Grant of Inspection to UPSIDE Foods production facility, thereby confirming it meets US federal operating requirements for meat & poultry facilities. \nAgronomics is confident that these developments will pave the way FDA and USDA approvals for other producers of cultivated meat and proteins, such that a wide variety of products will be available to US consumers in the coming years. It is projected that by 2040, cultivated meat could reach 35% of the global meat market.\nJim Mellon, Co-Founder and Executive Director of Agronomics commented: \"We are delighted that UPSIDE Foods successfully concluded the second of the three steps required to achieve approval for the sale of its products into the US. This clearly indicates the positive direction of travel for our industry, and we are confident that cultivated meat products will soon be on US shelves. \n\"In addition, US regulations for food safety are some of the most stringent in the world, such that the decisions of the FDA and USDA pave the way for other jurisdictions across the globe to approve the sale of cellular food products. We look f...