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Shortsellers Say Gingko BioWorks Is ‘Colossal Synthetic Biology Scam'

One Of 2021’s Biggest Biotech IPOs

 
• By Andrew McConaghie

The company claims its synthetic biology technology will revolutionize manufacturing but its share have dipped after the fraud allegations.

Gingko Bioworks
Gingko Bioworks believes its can serve as a research platform for the entire synthetic biology industry - but its business model has drawn skepticism. • Source: Gingko Bioworks

Synthetic biology company Gingko BioWorks, which went public less than a month ago via a $1.6bn SPAC deal, has been branded a “colossal scam” by short selling activists Scorpion Capital.

Gingko is one of a wave of synthetic biology companies developing gene editing techniques to harness living organisms to produce a range of industrial and biopharmaceutical chemicals

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