May 6, 2019
AquaBounty to close site in Panama
Genetically modified salmon producer AquaBounty will shut down a site at Panama as it can now stock and grow its AquAdvantage Salmon at another site in Indiana, US, the company announced this month.
According to AquaBounty's first quarter report, the farm in Panama "is no longer necessary." The site was established in 2008 "as a demonstration grow-out location for AquAdvantage Salmon," the report said.
It also noted the lifting of a US Food and Drug Administration (FDA) alert which allows AquaBounty to stock its AquAdvantage Salmon eggs at its Indiana farm.
"We ended the first quarter on a very positive note with the FDA's lifting of the import alert on AquAdvantage Salmon," Sylvia Wulf, CEO of AquaBounty, stated.
"The action by the FDA will allow us to stock our Indiana facility with our fast-growing salmon eggs, while [new] funding provides us with the needed resources to improve our balance sheet and grow out our fish at both our Indiana and Rollo Bay [Canada] farms."