Metabolix (MBLX) Appoints Yield10 Bioscience Management Team; Updates on Cash Position, Strategic Restructuring
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Metabolix Names Yield10 Bioscience Management Team; Provides Update on Strategic Restructuring and Cash Position
October 17, 2016 4:05 PM EDTWOBURN, Mass., Oct. 17, 2016 (GLOBE NEWSWIRE) -- Metabolix, Inc. (NASDAQ: MBLX) today announced the management team that will lead Yield10 Bioscience. The company also provided an update on its strategic restructuring and cash position.
Yield10 Bioscience is focused on the unmet need for enhanced global food security and is developing proprietary technologies to enable step-change improvements in yield for major food and feed crops. In July 2016, Metabolix announced a strategic restructuring under which Yield10 Bioscience is becoming the companys core business. In connection with the restructuring, the company is also working to... More
