Mayoman seeks to create germ-free eggs
A Mayo businessman who claims to have the technology to create the world’s first germ-free eggs is seeking €100 million in fundraising to mass-produce eggs for vaccines.
Leonard Moran has engaged Goodbody Stockbrokers to raise the funds and is set to launch his new company Ovagen International at the World Vaccine Conference in Lyon, which begins tomorrow.
Ovagen is telling investors on its roadshow that it intends to produce 100 million eggs from germ-free chickens annually. The firm estimates that the germ-free eggs could fetch €6 each, implying annual turnover in excess of €600 million within three years.
Under its business plan Ovagen anticipates employing...
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