A Brooklyn startup company, Modern Meadows, has a technique to develop meat without killing any animals. The process they use to make this meat is by incorporating fetal bovine serum, which is the blood drawn from the fetus of a pregnant cow, usually collected by puncturing the heart. Moreover, if the in vitro meat were on sell today, a pound of it would cost $75. The company is trying to find a way to avoid using the serum, but thus far, it seems fetal bovine serum remains the answer.
Here is the article source: http://www.theguardian.com/business/2015/sep/05/meat-without-murder-modern-meadow

Despite a good sign for murderless meat food, this shows a sign for research in developing artificial, lab grown biological organs such as a kidney or maybe even a heart, which potentially can be used in patients that need an immediate transplant. Say a company figured it out. What category class would this fall under? What type of FDA regulation would this company go through? Explain the process.