GM Watch reports:
“The European Patent Office (EPO) has revoked a European Union (EU) patent held by Impossible Foods, maker of the Impossible Burger.
In the U.S., Impossible’s fake meat products are manufactured with GMO yeast-derived soy leghemoglobin, a controversial ingredient that makes the fake meat look as if it’s bleeding, like undercooked real meat, and that we have argued may not be safe to eat… The news about Impossible’s patent fights comes in the wake of an article by Bloomberg describing the rapid decline in the fake meat industry, which it branded ‘a flop.’ The article is titled, ‘Fake meat was supposed to save the world. It became just another fad.’
Impossible shares, the article said, are currently trading at around $12 — about half the price during its last fundraising round.
And more recently Bloomberg has reported that Impossible is preparing to lay off about 20% of its staff, following another round of cuts in October when about 6% of its staff got laid off. The latest patent wars will only add to the industry’s woes.”
Read more: EU Revokes Impossible Foods’ Patent, Fake Meat Maker Also Faces Patent Challenges in U.S.
See Natural Grocers’ Spokesperson Alan Lewis critique of Genetically Engineered, SynBio Foods