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ORF Genetics, an Icelandic molecular farming company, has raised $5 million to enhance the production of growth factors essential for cultivated meat media. CEO Berglind R. N.

L. says the future of cultivated meat is promising, with demand driven by a few key players reaching commercial scale. The funds will allow the company to increase production capacity significantly by 2027 and further by 2032, focusing on affordable growth factors derived from barley, which offers a sustainable and cost-effective alternative to traditional methods.