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Non-Tech : Metabolix [MBLX] a Full Disclosure Thread

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From: richardred9/28/2007 12:06:07 AM
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Metabolix Receives $2M Government Award
Thursday September 27, 6:42 pm ET
Metabolix Gets $2M Award From Commerce Department, to Use Proceeds for Product Development

CAMBRIDGE, Mass. (AP) -- Metabolix Inc., which is developing biodegradable plastics from corn sugar, said Thursday it received a $2 million award from the U.S. Department of Commerce's National Institute of Standards and Technology.

Metabolix said it will use the award, part of the agency's Advanced Technology Program, to develop a commercially viable process for producing biobased chemicals from renewable agricultural products.

Shares rose $1.24, or 5 percent, to $25.90 during aftermarket electronic trading after closing up 81 cents at $24.66.
biz.yahoo.com
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