Agronomics Limited, a leading listed company in the field of cellular agriculture, has announced the upcoming presentation by Onego Bio Limited as part of its Capital Markets portfolio series. Onego Bio, a US-Finnish food-biotech company, is revolutionizing the food system by utilizing precision fermentation to produce real egg protein that is entirely animal-free. The company's product, Bioalbumen®, offers sustainable protein with identical taste and nutrition, superior functional properties, and a significantly smaller environmental footprint compared to traditional eggs.
Onego Bio recently secured €36.5 million in its Series A funding round to scale and optimize its production processes, finance its work with contract manufacturing partners, and prepare for US Food and Drug Administration ("FDA") filing for regulatory approval in the United States. The company is on track to receive "Generally Recognized as Safe" status for Bioalbumen® this year, with an expected no-objections letter from the FDA in 2025. Onego Bio plans to launch in North America first, followed by expansion in Europe, South America, and Asia.
Bioalbumen® is a bioidentical protein to the major protein in chicken egg white, ovalbumin, and is nutritionally complete with all essential amino acids. The product has a high protein digestibility score and is suitable for a wide range of applications across the food industry, including baked goods, confectionery, snacks, sauces, pasta, and meat alternatives. Onego Bio collaborates with over twenty-five well-known CPG companies to integrate Bioalbumen® into their innovation pipeline.
Agronomics focuses on investment opportunities within the cellular agriculture field and has established a portfolio of over twenty companies in this sector. The company seeks to invest in technologies that offer new ways of producing food and ingredients historically derived from animals, with a focus on sustainability, human health, food security, and animal welfare.
For further information, interested parties can contact Agronomics Limited or visit their website.