Pinnacle Food shares surge 16.53% after-hours after subsidiary enters biotech collaboration for precision fermentation and lactoferrin research.

Pinnacle Food Group Limited surged 16.53% in after-hours trading following the announcement that its subsidiary, Pinnacle Food AgTech HK, entered a biotechnology and precision fermentation research collaboration with Bioboost Synbio Consulting. The partnership focuses on developing applications for recombinant human lactoferrin (rhLF), a protein with potential in health and functional food, and includes technical consulting and feasibility evaluations to advance the company’s smart agriculture and fermentation capabilities. The CEO emphasized the collaboration as a strategic step to enhance research in emerging biotechnology, aligning with the firm’s long-term innovation goals. The move signals progress in Pinnacle Food’s technology-driven food system initiatives, likely boosting investor confidence in its growth prospects.