Metabolix shares were higher nearly 2% on Thursday after the developer of polymers and chemicals in microbes and plants segment said it struck a license agreement with North Carolina State University for advanced crop science technology used to improve crop yield.
The technology was developed by Dr. Heike Sederoff, a professor at the university’s department of plant and microbial biology.
“The technology developed by Dr. Sederoff and her team at NC State holds significant promise for developing new yield traits based on advanced metabolic engineering methods to improve carbon capture and selectively control carbon partitioning in plants,” Metabolix’ Chief Scientific Officer Oliver Peoples said. “Work on these yield traits has been done using camelina, a model system for oilseed crops such as canola and soybean. We look forward to continuing our collaboration with NC State and advancing the technology through to development and commercializatiom.”
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