McDonald’s to debut ‘McPlant’ in 2021, Beyond Meat says co-created patty

Burger chain McDonald’s Corp MCD.N on Monday decided to debut a line of plant-based meat alternatives called “McPlant” in 2021, including a patty that Beyond Meat subsequently said it helped co-create.

“Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in an email.

Shares of Beyond Meat initially fell as much as 8% after McDonald’s announcement, but recovered to end 4% lower after the plant-based meat company said it had a role in creating the McPlant patty. It did not provide additional details.