BioWorld® - Medical Device Daily

BioWorld Industrial Biotechnology StatReport: Immediate and Comprehensive Industry Information
MBI International
KEY PERSONNEL:
3900 Collins Road
Lansing MI 48910, US
Phone: (517) 337-3181; Fax: (517) 337-2122
Web: www.mbi.org
E-mail: info@mbi.org
Dr. Mark Stowers; President and CEO
Kellena D. Daigle; VP and CFO
Robert A. DeVries, Ph.D.; Sr. Scientist
EMPLOYEES: 50 employees
HISTORY: Founded in 1981
Began biotech R&D in 1984
Acquired CPC, International Corn Products Co. Technology Portfolio
Package--in-licensing of technologies from several major universities and
corporations
Changed name from Michigan Biotechnology Institute (1995)
STOCK-FINANCIAL HISTORY: Privately held
SUBSIDIARIES/DIVISIONS: Bio-Business Incubator of Michigan (BBIM)--non-profit subsidiary
AGREEMENTS: Name Products Content of Agreement Date
Auxein Corp. plant growth technology new company 1994
products
formation to
commercialize
products
BioPlastics Inc. biocompostable plastic new company 1995
resins
formation
EFX Systems Inc. fluid-bed reactor for new company 1995
environmental cleanup
applications
formation
Enzyme Design enzymes for industrial, new company 1996
Inc.
consumer and scientific
applications
formation
EverCorn Inc. biodegradable plastic
resins
joint venture 1993
Lions Adhesives environmentally friendly new company 1996
packaging and wood
adhesives
formation
Natura Inc. food ingredients and new company 1994
derivatives
formation
Plexis Biosciences expression systems new company 1997
Inc.
formation
Synthon Corp. chiral intermediates new company
formation
1993
RESEARCH & DEVELOPMENT: Biomass processing: MBI has licensed the ammonia fiber explosion (AFEX)
process, a leading technology to pretreat biomass; Researching the use of
the AFEX process in ethanol plants to recover sugars from corn fiber waste,
to produce specialty chemicals in addition to ethanol via fermentation, to
produce valued compounds from hemicellulose, in the development of high
protein animal feeds, to facilitate the recovery of other valuable compounds
locked within corn fiber, to expand the use of agricultural biomass as low
cost feedstocks for chemical production and in fiber reinforced composites
Succinic acid production: Isolation of several succinic acid producing
microorganisms and development of a succinic acid producing bacterium,
Actinobacillus succinogenes, and hyperproducing mutants
Polyamide amine polymers: A new class of polymers
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