Biotalys NV (DE:86C) has released an update.
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Biotalys NV, an AgTech company, has made significant advancements in the first half of 2024, including the Dutch Authority CTGB’s approval for large-scale trials of its biofungicide EVOCA and the sale of harvests from these trials. The company has initiated field trials for a second biofungicide and an AI project with Google DeepMind, while maintaining a healthy cash reserve of €14.7 million. These developments are part of Biotalys’ strategy to transform crop protection and reduce operating cash burn through cost controls and strategic financing.
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