Archer-Daniels-Midland Invests In Acies Bio

Archer-Daniels-Midland Co ADM has revealed equity investment in Acies Bio, a Slovenia-based biotechnology company. The company did not disclose specific financial details of the investment.
Acies Bio specializes in R&D and manufacturing services for developing and scaling synthetic biology and precision fermentation technologies for food, agriculture, and industrial applications.
ADM expects the investment to help more quickly advance projects in the field of precision microbial fermentation.
ADM is investing in Acies Bio through its corporate venture capital arm, ADM Ventures.
Price Action: ADM shares are trading higher by 1.03% at $65.64 on the last check Friday.