Client News/Details

Snell & Wilmer Advises Biotechnology Systems Company TARGAN Inc. in Multi-Year Agreement With Poultry Producer Wayne-Sanderson Farms

August 15, 2023

SAN DIEGO – Snell & Wilmer advised TARGAN, Inc. (TARGAN), a biotechnology systems company aimed to transform animal protein production industries worldwide, in a multi-year agreement for the integration of TARGAN poultry systems in various Wayne-Sanderson Farms’ broiler hatcheries across the United States. TARGAN Poultry Systems utilize artificial intelligence, machine learning, and high-speed vision systems to create efficiencies for protein producers and optimize hatchery processes while also enhancing global food sustainability and animal welfare. The first units from TARGAN are scheduled to be installed in Wayne-Sanderson Farms’ hatcheries during the third quarter of 2023. 

“We are pleased to have Wayne-Sanderson Farms, a well-respected company with a long history and exceptional expertise in the poultry industry, as our first commercial collaboration,” said Ramin Karimpour, founder and CEO of TARGAN in a recent press release. “We have built a company with notable strengths in both engineering and biology, and we are confident our technology will enhance operations and positively impact the poultry industry for years to come.” 

Bardia Moayedi served as lead counsel to TARGAN, advising the company on the multi-year deal.

Snell & Wilmer's corporate and securities attorneys have served as counsel to a substantial number of clients ranging from Fortune 100 companies to smaller emerging businesses. Our attorneys have provided sophisticated legal representation to biotech companies, health care and financial institutions, public utilities, homebuilders, transportation companies, restaurant and hospitality providers, athletic complexes, fitness facilities and many other types of businesses. Snell & Wilmer’s venture capital and private equity practice covers multiple aspects of the transactional arena involving public and private companies, including the structuring and execution of majority buyouts and minority investments, acquisitions (including buy- and sell-side deals, as well as negotiated and auction deals), financings (including 144A transactions and PIPEs), going-private transactions, and spin-off transactions. Our venture capital and private equity attorneys advise both domestic and international funds, including venture capital, private equity, hedge, mezzanine, real estate opportunity, fund-of-funds, exchange, and other private investment funds.