Mondelez International, which makes Oreo and Chips Ahoy cookies and Cadbury chocolate bars, poured funding into start-up Celleste Bio earlier this month, according to The Financial Times.

Any deal would need the approval of the Hershey Trust Company, a charitable trust, that maintains ... owning Cadbury, which it bought in 2010, Mondelez brands include Ritz crackers, Oreo biscuits ...