Zymergen plunges 68% – materials development hard as usual

August 06, 2021
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Zymergen went public on Earth Day this year and promised to generate sales of its first product, Hyaline, in H2 2021. Now it has pushed the target to 2022, and apparently, the public market has not responded well. As discussed in the key issue section of Genomatica's profile, Zymergen is essentially a new materials company based on its platform, and it not only has to develop and productize a material but also needs to develop the market for it. While one can't rule out the possibility of Zymergen creating hype around Hyaline to attract public investors, these kinds of delays should be expected, as materials development is, in essence, hard. Yet, building your own product is still the high-risk, high-reward approach.

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