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Stock Market & Financial Investment News

News Breaks
June 4, 2014
15:28 EDTMBIIMarrone Bio says facility approved for USDA loan guarantee
Marrone Bio Innovations announced the U.S. Department of Agriculture Business and Industry Guaranteed Loan program approved a guarantee for a $10M loan financing. The loan is now only subject to completion of related bank documentation. The funds will be used to expand the production capacity of the MBI manufacturing plant in Bangor, MI.
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July 22, 2014
07:10 EDTMBIIEvogene, Marrone Bio sign multi-year collaborative agreement
Evogene (EVGN) and Marrone Bio Innovations (MBII) announced the signing of a multiyear collaborative agreement targeting the joint discovery of novel modes of biological action for insect control, followed by the development and commercialization of new insect control products by each of the companies. The partnership will leverage the expertise and distinct assets and capabilities of each company in its respective field. The companies will utilize the collaboration's joint assets to separately develop and commercialize products. Specifically, Evogene will develop biotechnology insect resistance seeds, while MBI will develop biologically-based insecticides. The parties have agreed on revenue sharing from all insect control products developed through the collaboration

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