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COINTURK FINANCE > Business > Colossal Biosciences Acquires ViaGen to Boost Cloning Expertise
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Colossal Biosciences Acquires ViaGen to Boost Cloning Expertise

Overview

  • Colossal Biosciences acquired ViaGen, focusing on conservation cloning.

  • Pet cloning by ViaGen will continue under Colossal’s ownership.

  • Colossal explores genetic advancements for de-extinction efforts.

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The intersection of cutting-edge genetic technology and animal conservation is being navigated by Colossal Biosciences in its recent acquisition of ViaGen. By integrating ViaGen’s pet cloning capabilities, which have been utilized by celebrities like Barbra Streisand and Paris Hilton, Colossal aims to expand its efforts in the field of endangered species conservation. This strategic move introduces an intriguing blend of personal pet cloning with the broader scientific pursuit of de-extinction, both tapping into the power of cloning technology.

Contents
Why did Colossal buy ViaGen?How does pet cloning fit into this picture?

Colossal Biosciences’ decision to acquire ViaGen can be seen as a natural progression in the context of its past endeavors. While ViaGen’s cloning expertise was built upon the foundations laid by the Dolly the sheep project, Colossal’s journey toward de-extinction has been marked by its high-profile projects involving ancient DNA. Previous initiatives, such as combining dire wolf DNA with that of gray wolves, underscore the company‘s commitment to advancing genetic science in novel ways. Historically, the intersection of these fields highlights their shared focus on applying sophisticated genetic techniques for conservation and bringing extinct creatures back to life.

Why did Colossal buy ViaGen?

Ben Lamm, CEO of Colossal Biosciences, emphasized that their interest in acquiring ViaGen was not driven by the allure of celebrity-backed pet cloning. He cited ViaGen’s significant proficiency in cloning, particularly its success with endangered species, as the primary lure.

“That’s not why we bought them,” expressed Lamm, focusing on the company’s conservation cloning potential.

How does pet cloning fit into this picture?

Pet cloning deviates from Colossal’s main objectives yet holds a complementary role in public awareness and emotional relief. According to Lamm, this service demonstrates hope through scientific innovation. Despite not being part of Colossal’s principal goals, pet cloning can emotionally resonate with people, offering them solace.

“There are people who are emotionally devastated when they lose their pet, and if this is a means to end that suffering on a personal level, then I don’t think that’s a bad thing,” Lamm elaborated.

Operating as a subsidiary post-acquisition, ViaGen will maintain its leadership team and continue its existing operations. ViaGen President Blake Russell believes that joining Colossal offers opportunities to augment their conservation objectives. The collaborative endeavor aims to fortify genetic preservation efforts while sustaining ViaGen’s pet cloning services.

Financial specifics regarding the acquisition remain undisclosed, yet it aligns with Colossal’s larger mission to restore extinct species. Though the acquisition won’t immediately affect profitability, it supports long-range goals by potentially expanding Colossal’s de-extinction projects. This strategic alignment suggests the move enriches Colossal’s scientific and conservation capabilities.

Colossal’s focus remains on its pivotal projects, like reviving the woolly mammoth and other extinct species. The company’s multi-pronged approach, including other innovative ventures like Form Bio, amplifies its potential in biotechnological advancements. Enhancing their genetic toolkit via the ViaGen acquisition may streamline future conservation targets.

This acquisition marks an important milestone for Colossal Biosciences, signifying an effort to deepen their scientific capabilities while offering emotionally significant services like pet cloning. By leveraging ViaGen’s expertise, Colossal is better positioned to tackle its ambitious goals in biodiversity and conservation sciences. As these companies converge, their combined strengths may lead to new opportunities in the intersection of science and innovation.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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