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Novo Nordisk and Ginkgo Bioworks Are Teaming Up. Here's Why That's Bullish for Both Stocks.

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Novo Nordisk and Ginkgo Bioworks Are Teaming Up. Here's Why That's Bullish for Both Stocks.: https://g.foolcdn.com/editorial/images/772778/two-scientists-work-at-lab-bench-with-scope.jpg

Sometimes it pays to team up. That's what Novo Nordisk (NYSE: NVO) and Ginkgo Bioworks (NYSE: DNA) decided to do April 10 when they launched a new manufacturing collaboration that could benefit both companies. Details about the financial terms of their team-up are scarce, but there are at least a few reasons why shareholders should be optimistic.

Here's what's going on, and some points to consider if you're pondering an investment in either business right now.

The new strategic partnership between Novo Nordisk and Ginkgo will cover five years, and it builds upon an earlier and much smaller collaboration program.

Source Fool.com

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