Metabolix (MBLX) Reports Q3 Loss of $0.05/Share

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Metabolix Announces Third Quarter 2016 Financial Results

November 9, 2016 4:06 PM EST

CAMBRIDGE, Mass., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Metabolix, Inc. (NASDAQ: MBLX), today reported financial results for the three months ended September 30, 2016.

We are excited to be moving forward focusing exclusively on the Yield10 Bioscience mission to address the challenge of global food security, said Oliver Peoples, Ph.D., president and chief executive officer. We sold and transferred our legacy biopolymer assets to CJ CheilJedang. In addition, we completed winding down biopolymer related activities and substantially completed the restructuring of the business. We recently announced the Yield10 management team, and we are now directing our... More