Yield10 Bioscience

Metabolix, Inc.

File:Metabolix Logo.jpg
Traded as	Nasdaq: MBLX
Industry	Specialty Chemicals
Headquarters	Cambridge, MA , USA
Key people	Richard P. Eno (CEO), Anthony J. Sinskey (Founder), Joseph D. Hill (CFO), Oliver P. Peoples (CSO)
Revenue	US$1,425,000 (2011) US$448,000 (2010)
Operating income	US$-38,861,000 (2011) US$-38,939,000 (2010)
Net income	US$-38,785,000 (2011) US$-38,803,000 (2010)
Owner	Fidelity Investments, Jack Schuler, State Farm Insurance, others
Number of employees	119
Website	www.yield10bio.com

Metabolix is a bioplastics technology development and commercialization company. It is a spinoff of the University of Massachusetts Lowell

Joint Venture

On January 13, 2012 ADM announced that it was scrapping the joint venture. Metabolix's stock plunged 56% to $2.64 immediately following this announcement, leading to a class action suit.

Lawsuit

Following the collapse of the Telles joint venture, shareholders of Metabolix filed a class-action lawsuit claiming that executives knowingly misled them about the viability of the production process of Mirel. The case, Coyne et al v. Metabolix, Inc., was filed on February 17, 2012 in Boston's federal court, citing Section 12(a)(2) of the Securities Act of 1933. It names executives Eno and Hill in addition to Metabolix.

References

• "Block & Leviton LLP Files Securities Class Action Against Metabolix, Inc". Reuters. Boston. 2012-03-27. Retrieved 2012-10-04.
• "Coyne et al v. Metabolix, Inc". Justia Dockets & Filings. Retrieved 2012-10-04.
• Jewell, Mark (2007-10-19). "Makers of emerging plant-based plastics hope to carve larger market niche". Associated Press Archive. Retrieved 2013-02-25.
• Jewell, Mark (2007-10-22). "'Bioplastics' carve niche in market". The Salt Lake City Tribune. Retrieved 2013-02-25.
• Hovanesian, Mara Der (2008-08-13). "I Have Just One Word for You: Bioplastics". BusinessWeek: magazine. Retrieved 2012-10-04.
• Lad, Divya (2012-01-13). "Metabolix hits life low as joint venture partner exits". Reuters. Bangalore. Retrieved 2013-02-25.
• LaMonica, Martin (2008-08-11). "Metabolix grows bioplastics in switchgrass". CNET. Retrieved 2012-10-04.
• Montenegro, Maywa (2009-11-10). "Bioplastics Man". Seed Magazine. Retrieved 2012-10-04.
• Szaniszlo, Marie (2012-02-22). "Bioplastics firm sued after major deal fails". Boston Herald (ALL ed.). p. 23. ISSN 0738-5854. Retrieved 2012-10-04.