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Ginkgo Bioworks shares double following Eli Lilly contract announcement

The Motley Fool +1 ·

LLY Lilly(Eli) & Co
$1157.49 +1.26%
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DNA DNA -17.16%
  1. 1Eli Lilly has launched Lilly TuneLab, which utilizes artificial intelligence and machine learning.
  2. 2Ginkgo's share price doubled following the announcement on September 15.
  3. 3Ginkgo recorded revenue of $20.2 million for the recent quarter ended June 30.

So what's the key point?

Eli Lilly launched a service that uses artificial intelligence technology. Following this announcement, Ginkgo Bioworks' share price doubled.

Source The Motley Fool +1 · View original ↗

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