Food tech startup says health ministry's 'historic' approval found its animal-free milk protein to be 'safe, of high-quality, and identical to its cow-derived counterpart'

Prime minister says company to get go-ahead in coming days; permit said set to be granted to Remilk, a developer of cultured milk

Strategic investment by company's venture arm includes potential collaboration on cultured breast milk products; other investors include Steakholder Foods and Coca-Cola Israel

Food tech startup recently raised $120 million with investors to build its production capabilities

Formerly known as Biomilk, company hopes to address billion-dollar dairy, infant formula markets