The Trendlines' (SGX:42T) portfolio company, Phytolon, secured approval from the US Food and Drug Administration for the use of beetroot red as food coloring, according to a Monday filing with the Singapore Exchange.
The approval was granted after Phytolon submitted a color additive petition. Phytolon ferments baker's yeast to produce natural food colors.
Shares of Trendlines surged over 6% in recent trading.
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