BSF & CellRev Form New Venture ‘Cultivated Meat Technologies Limited’ to Mass-Produce Cultivated Meat
Two UK firms, BSF Enterprise, owner of the UK clinical and cell ag company 3D Bio-Tissues (3DBT), and bioprocessing company CellRev, will combine their resources and expertise to launch a new company focused on the mass production of cultivated meat. BSF Enterprise (LSE: BSFA), (OTCQB: BSFAF), announced the exclusive joint venture, revealing they had already entered a Terms Sheet and expect to form the biotech in the coming months. The news follows the UK’s government recently announced a £2 billion plan to seize the potential of biotechnology. The new company, Cultivated Meat Technologies Limited (CMT), will create technology solutions to successfully scale the production of cell-based meat at lower costs to bring products to the market. “We have observed the early success of 3D Bio tissues with …