CAMBRIDGE, Mass., March 29, 2016 (GLOBE NEWSWIRE) -- Metabolix, Inc. (NASDAQ:MBLX), an advanced biomaterials company focused on sustainable solutions for the plastics industry, today reported financial results for the three months and full year ended December 31, 2015.
“2015 was an important transition year for Metabolix. We completed a comprehensive reshaping and repositioning of the company around a specialties strategy based on our differentiated PHA biopolymer materials,” said Joseph Shaulson, president and CEO of Metabolix. “Throughout the year, we focused on building and advancing the portfolio of customer projects in our target application spaces and executed on a plan to expand pilot production of our new amorphous PHA biopolymer, one of the cornerstones of our specialty products strategy. Toward the end of the year, we began to shift our focus to the transition from pilot scale operations to commercial scale operations. This included an acceleration of efforts to secure an initial tranche of commercial scale production capacity in the range of 10 kilo tonnes (22 million pounds).
