$25m shoes 'a vast overestimate'
14/08/2013
Founded in 2011, Missouri-based Modern Meadow has already developed “cultured” leather in its laboratory. Its other focus is on developing laboratory-made meat products.
Co-founder Andras Forgacs told us: “There would not be much of a commercial reason to make leather if $25 million were the prices for a pair of shoes.” But he said Modern Meadow did not want to comment publicly on its prices for the time being or to clarify the quantities of the laboratory-developed material it is able to make at the moment, or the timeframes it is working to for a commercial launch.
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