According to the press release Aqua Bounty Farms is going to introduce fast growing salmon to it US market. It is said that this may be the first GM meat product in America. The company has been waiting more than a decade for federal approval in the United States. If the company gets the nod from the Food and Drug Administration, its salmon will be the world’s first on the market.
FDA officials had visited P.E.I. last fall to learn the first-hand information about the facility in Fortune. It is reported that the advantage Aqua Bounty’s fish offers fish farmers is the speed with which it grows. It normally takes about three years to raise Atlantic salmon on a fish farm, but with the addition of a couple of genes from the cold-water Chinook salmon, Aqua Bounty’s fish grow twice as fast. The breeder is hoping to sell its eggs and smolts to other fish farms in North America.
It is obvious that before any genetically modified salmon reaches the dinner table in the U.S. market, it needs the stamp of approval from the FDA, something the company has been waiting for a long time. Aqua Bounty Technologies, Inc. reported the award of a research grant this week. The Company announced that it had been awarded a CN$2.9 million “Atlantic Innovation Fund” grant from the Atlantic Canada Opportunities Agency (“ACOA”). This award ensures the future objective is the safe commercial launch of fast growing salmon in US market.
