Why Intrexon Corporation Is Skyrocketing Today [The Motley Fool]
INTREXON CORP (XON)
Last intrexon corp earnings: 11/12 07:30 am
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Source: The Motley Fool
Intrexon's potential entry into the cannabis industry generated enthusiasm among investors. Keith Speights ( TMFFishBiz ) Sep 24, 2018 at 11:40AM What happened Shares of Intrexon Corporation ( NYSE:XON ) were up 28.5% as of 11:19 a.m. on Monday. The biotech announced what it said were advances in production of medical cannabis. In particular, Intrexon stated that its scientists had engineered a yeast strain that could be used in a microbial fermentation process to produce cannabinoids at low cost. So what Is the big jump in Intrexon's share price just another case of investors flocking to anything and everything marijuana related? Maybe, but there could be more to the story here. Image source: Getty Images. Interest in using cannabinoids to treat diseases is higher than ever, especially after GW Pharmaceuticals won FDA approval ear
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