Swiss supermarket invests in Israeli lab-grown steak firm

Switzerland’s biggest retailer Migros has invested in an Israeli start-up, Aleph Farms, which specialises in lab-grown meat.  The Swiss cooperative has not specified exactly how much it has invested in the Israeli start-up founded in 2017, which has raised $11.7 million in a funding round.  Aleph Farms says it is able to reproduce different types of beef cells, such as muscle, fat, and blood vessel cells, to create a structure that closely resembles that of a conventional cut of meat. In December 2018, the company unveiled its first lab-grown minute steak. The lab-grown meat does not require the slaughter of a cow.  "We believe that cultivated meat has enormous commercial potential and will make it possible to cover growing global meat consumption needs in a sustainable way," Eliana Zamprogna, Chief Technology Officer of M-Industrie, which is part of Migros, said in a statement. The lab-grown steak is at least three to four years away from commercial sale, according to Didier ...

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