10:19 AM EST, 11/12/2024 (MT Newswires) -- Ginkgo Bioworks Holdings ( DNA ) said Tuesday that it will receive a research milestone payment of $9 million from Merck ( MRK ) after completing the first milestone in their partnership.

They will now advance to the next phase, which will focus on continuing to improve the production process, Ginkgo Bioworks ( DNA ) said.

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