Last $1.05 USD
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03/18/14 - $1.67
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12/10/14 - $0.25
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metabolix inc (MBLX) Details

Metabolix, Inc., a bioscience company, focuses on delivering sustainable solutions to the plastics and chemicals industries. It produces a family of biopolymers found in nature called polyhydroxyalkanoates, which occur naturally in living organisms and are chemically similar to polyesters. The company offers its biopolymers under the Mirel and Mvera brand names. It is also developing biobased industrial C4 and C3 chemicals; and harnessing the renewable nature of plants to make renewable chemicals and bioenergy from crops. Metabolix, Inc. was founded in 1992 and is based in Cambridge, Massachusetts.

98 Employees
Last Reported Date: 03/28/14
Founded in 1992

metabolix inc (MBLX) Top Compensated Officers

Co-Founder, Chief Scientific Officer and Dire...
Total Annual Compensation: $240.0K
Chief Operating Officer
Total Annual Compensation: $278.3K
Vice President of Marketing and Corporate Com...
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2013.

metabolix inc (MBLX) Key Developments

Metabolix, Inc. Presents at 17th Annual Needham Growth Conference, Jan-13-2015 03:10 PM

Metabolix, Inc. Presents at 17th Annual Needham Growth Conference, Jan-13-2015 03:10 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Metabolix, Inc. Receives Approval From Nasdaq To Transfer Listing Of Common Stock From Nasdaq Global Market To Nasdaq Capital Market

On January 5, 2015, Metabolix, Inc. received approval from the Nasdaq Stock Market (Nasdaq) to transfer the listing of the company’s common stock from the Nasdaq Global Market to the Nasdaq Capital Market. This transfer will be effective at the opening of business on January 7, 2015. As previously reported, the company was notified by Nasdaq on July 7, 2014, that it no longer satisfied the minimum bid price requirement for continued listing of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1). In anticipation of not meeting the minimum bid price requirement by January 5, 2015, the end of its initial 180-day grace period, the company applied to transfer the listing of its stock to The Nasdaq Capital Market. Upon transfer to the Capital Market, the company is being afforded an additional 180-day grace period to regain compliance with the Nasdaq’s minimum bid price requirement. In order to regain compliance, the minimum bid price per share of the company’s common stock must be at least $1.00 for at least ten consecutive business days during the second 180-day grace period, which will end on July 6, 2015. If the company fails to regain compliance during this grace period, the company’s common stock will be subject to delisting by Nasdaq. The company has provided written notice of its intention to cure the minimum bid price deficiency during the second grace period by effecting a reverse stock split if necessary.

Metabolix Provides Update on Biopolymer Manufacturing Plans

Metabolix, Inc. provided an update on the company's biopolymer manufacturing plans. Metabolix plans to significantly increase output of Mirel® PHA biopolymers at its contracted pilot manufacturing facilities. The initial focus of this manufacturing plan will be production of the Company's a-PHA (amorphous, low Tg rubber) biopolymer for use in ongoing development activities based on this unique PHA product. This new PHA material, together with existing inventory, is intended to support both market development and initial customer conversions as Metabolix continues working to build its biopolymers business based on PHA performance additives.


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