Colossal Biosciences, a prominent "de-extinction" startup, has made a significant move in its quest to revive long-lost species by acquiring Texas-based company ViaGen. The deal marks Colossal's first-ever acquisition and brings under its wing the expertise of ViaGen, which specializes in cloning and preserving genetic samples from endangered species.
ViaGen, founded in 2002, initially focused on the genetic preservation of livestock but has since become renowned for its pet cloning services, including cats, dogs, and horses. The company's services come with hefty price tags: $50,000 for cats and dogs and $85,000 for horses. However, Colossal CEO Ben Lamm disputes that these services are driven by celebrity interest, claiming the acquisition was motivated solely by ViaGen's expertise in cloning and preserving genetic samples.
Lamm explains that ViaGen's technologies, licensed from the lab that created Dolly the sheep in 1996, have successfully produced genetic twins of animals such as the black-footed ferret and Przewalski's horse. This expertise is crucial to Colossal's work on mammalian species, which relies heavily on somatic cell nuclear transfer.
The acquisition has been valued at a "decently large transaction," but Lamm emphasizes that it won't impact Colossal's path toward profitability, as the company remains focused on its long-term de-extinction projects. Reviving extinct species like the woolly mammoth and dodo bird remain Colossal's core ambition.
Lamm sees the ViaGen acquisition as a means to broaden Colossal's capabilities and create "optionality" for additional de-extinction targets. He acknowledges that while the acquisition may not accelerate timelines, it brings significant expertise in cloning and preserving genetic samples.
In addition to expanding its capabilities, the deal gives ViaGen the scale and resources it needs to continue its work on endangered species recovery. With all 25 employees remaining at its Austin headquarters, the company will operate as a subsidiary of Colossal, led by Blake Russell, who has praised the acquisition, stating that it provides the necessary support for the team's growth.
In a way, this deal symbolizes the blurred lines between de-extinction efforts and pet cloning. While the latter may not be part of Colossal's business model, Lamm justifies its personal significance, suggesting that some people find solace in reviving their beloved pets.
ViaGen, founded in 2002, initially focused on the genetic preservation of livestock but has since become renowned for its pet cloning services, including cats, dogs, and horses. The company's services come with hefty price tags: $50,000 for cats and dogs and $85,000 for horses. However, Colossal CEO Ben Lamm disputes that these services are driven by celebrity interest, claiming the acquisition was motivated solely by ViaGen's expertise in cloning and preserving genetic samples.
Lamm explains that ViaGen's technologies, licensed from the lab that created Dolly the sheep in 1996, have successfully produced genetic twins of animals such as the black-footed ferret and Przewalski's horse. This expertise is crucial to Colossal's work on mammalian species, which relies heavily on somatic cell nuclear transfer.
The acquisition has been valued at a "decently large transaction," but Lamm emphasizes that it won't impact Colossal's path toward profitability, as the company remains focused on its long-term de-extinction projects. Reviving extinct species like the woolly mammoth and dodo bird remain Colossal's core ambition.
Lamm sees the ViaGen acquisition as a means to broaden Colossal's capabilities and create "optionality" for additional de-extinction targets. He acknowledges that while the acquisition may not accelerate timelines, it brings significant expertise in cloning and preserving genetic samples.
In addition to expanding its capabilities, the deal gives ViaGen the scale and resources it needs to continue its work on endangered species recovery. With all 25 employees remaining at its Austin headquarters, the company will operate as a subsidiary of Colossal, led by Blake Russell, who has praised the acquisition, stating that it provides the necessary support for the team's growth.
In a way, this deal symbolizes the blurred lines between de-extinction efforts and pet cloning. While the latter may not be part of Colossal's business model, Lamm justifies its personal significance, suggesting that some people find solace in reviving their beloved pets.