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Lab-Grown Meat Coming to Supermarket Shelves Soon

Jade Scipioni: ‘If this Silicon Valley food-tech startup has its way, its lab-grown meat — which includes chicken, duck and beef — will be on a supermarket shelf near you within the next five years. “[We’re] trying to put products on the shelves by 2021/2022,” Uma Valeti, Memphis Meats co-founder and CEO, tells FOX Business. In March, the company announced that it created the “world’s first chicken strip from animal cells,” following their animal-free meatball debut in 2016. Lab-grown beef was previously developed in 2012 by a group of Dutch scientists. “Essentially, we are taking a number of animal cells, giving them clean and nutritious food and then we watch them grow into a muscle. We harvest that muscle and then cook it,” Valeti says… Production costs currently run about $6,000 per pound of meat, which is drastically down from a year ago, when it was $18,000 per pound. However, Valeti says a lot of work still needs to be done to meet traditional store-bought meat production costs at about $4 or less’. SOURCE…

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