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Ron Baron Comments on Zymergen

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Oct 26, 2021
Summary
  • The stock was a detractor.
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Zymergen Inc. (

ZY, Financial) is a company dedicated to biofacturing, or harnessingbacteria to manufacture materials. Zymergen was a detractor following an unexpected update announcing both a major delay in the launch of lead product Hyaline and the removal of CEO Josh Hoffman, who was replaced by company chairman and former Illumina CEO Jay Flatley. We exited our position given material impacts to the business.

From

Ron Baron (Trades, Portfolio)'s Baron Partners Fund third-quarter 2021 letter.

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