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aqua bounty technologie-regs (AQBT) Snapshot

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aqua bounty technologie-regs (AQBT) Details

AquaBounty Technologies, Inc., a biotechnology company, is engaged in the research, development, and commercialization of products that enhance aquaculture productivity. The company is involved in developing AquAdvantage Salmon, which include salmon, trout, and tilapia species. It is also involved in the production of antifreeze proteins; and conducting research and development programs related to the commercialization of cryopreservatives and the antifreeze gene construct. The company was formerly known as AquaBounty Farms and changed its name to AquaBounty Technologies, Inc. in 2004. AquaBounty Technologies, Inc. was founded in 1991 and is headquartered in Maynard, Massachusetts. AquaBounty Technologies, Inc. is a subsidiary of Intrexon Corporation.

15 Employees
Last Reported Date: 11/18/14
Founded in 1991

aqua bounty technologie-regs (AQBT) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $395.2K
Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: $226.7K
Vice President of Sales and Marketing
Total Annual Compensation: $216.7K
Compensation as of Fiscal Year 2013.

aqua bounty technologie-regs (AQBT) Key Developments

Aquabounty Fines for Repeated Environmental Violations on Genetically Engineered Salmon

Officials in Panama have ruled that AquaBounty Technologies has been operating in violation of environmental regulations as it experiments with genetically engineered (GE) salmon in that country. In a decision that could challenge the U.S. Food and Drug Administration’s (FDA’s) ongoing safety assessment of AquaBounty’s GE salmon, Panamanian officials fined the company $9,500. Food & Water Watch, Center for Food Safety and Friends of the Earth called on the FDA to terminate its regulatory review and deny AquaBounty’s pending regulatory application to sell the company’s GE fish in the United States. AquaBounty’s facility in Panama has long experienced serious security issues, including a storm-related accident that lead to “lost” salmon in Panama. A visiting journalist described the company’s facility as a “run-down shed.” To date, FDA has made no regulatory decision on AquaBounty’s GE salmon, which, if approved, would be the first biotech animal to enter the food supply anywhere in the world. FDA’s current regulatory review only considers one production scenario in which AquaBounty produces GE salmon at a remote facility in Panama, then sends fillets to U.S. retailers. Critics have long-worried that AquaBounty chose its out-of-the-way production facility as a way to evade regulatory scrutiny.

Aqua Bounty Technologies, Inc. Approves Amendments to Certificate of Incorporation

Aqua Bounty Technologies, Inc. announced that at the EGM held, the company approved amendments to the Second Amended and Restated Certificate of Incorporation to replace the 1-for-10 reverse stock split, previously approved by shareholders, with a 1-for-50 reverse stock split.

Aqua Bounty Technologies, Inc. Proposes Amendment to the Second Amended and Restated Certificate of Incorporation

Aqua Bounty Technologies, Inc. proposed amendment to the Second Amended and Restated Certificate of Incorporation of the company at its EGM to be held on October 21, 2014. The Amendment seeks to replace the 1-for-10 reverse stock split, previously approved by shareholders, with a 1-for-50 reverse stock split.


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