Abstract
Restructuring an existing partnership, Bayer will fully outsource to Ginkgo Bioworks the R&D for its biologicals business, which is focused on using microbes to fix nitrogen in soils, fight pests, and sequester carbon. The two companies formed a joint venture called Joyn Bio in 2017, primarily to develop nitrogen-fixing microbes for cereal crops. Ginkgo will now absorb Joyn, while Bayer will market the product concepts that emerged from the partnership. As part of the deal, Ginkgo is getting Bayer’s biologicals research site in West Sacramento, California, complete with the existing team. Ginkgo’s biologicals research arm will offer services to other agricultural companies, but Bayer will remain an anchor customer. Joyn Bio CEO Michael Miille says the firm is about a third of the way to commercializing a microbial seed treatment that would fix nitrogen in soil for cereal crops like corn and wheat. He estimates that it will take roughly
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