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- MeaTech 3D Ltd MITC has signed a non-binding letter of intent with Israeli supermarket chain Tiv Ta'am to cooperate in the joint development of cultivated meat products.
- The agreement will include cooperation on research, establishing a production facility for cultivated meat products, and granting distribution and marketing rights.
- The companies also agreed to discuss expanding cooperation in the production and marketing of cultivated meat products in the future, emphasizing cultivated pork.
- Price action: MITC shares are trading lower by 0.81% at $7.34 on the last check Wednesday.
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