Metabolix, Inc. Files Registration Statement for Proposed Initial Public Offering of Common Stock

Jul 17, 2006, 01:00 ET from Metabolix, Inc.

    CAMBRIDGE, Mass., July 17 /PRNewswire/ -- Metabolix, Inc. announced
 today that it has filed a registration statement with the Securities and
 Exchange Commission for the initial public offering of its common stock.
 Piper Jaffray & Co. will be the sole book-running manager for the offering.
 Jefferies & Company, Inc., Thomas Weisel Partners LLC and Ardour Capital
 Investments, LLC will be co-managers for the offering.
     A registration statement relating to these securities has been filed
 with the Securities and Exchange Commission but has not yet become
 effective. These securities may not be sold nor may offers to buy be
 accepted prior to the time that the registration statement becomes
 effective. This news release shall not constitute an offer to sell or the
 solicitation of an offer to buy nor shall there be any sale of these
 securities in any state or jurisdiction in which such offer, solicitation,
 or sale would be unlawful prior to registration or qualification under the
 securities laws of any such state or jurisdiction. The offering will be
 made only by means of a prospectus. When available, copies of the
 preliminary prospectus relating to this offering may be obtained from Piper
 Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402.
     About Metabolix
     Metabolix is a biotechnology company that develops and plans to
 commercialize environmentally sustainable, economically attractive
 alternatives to petrochemical-based plastics, fuels and chemicals.
     James J. Barber
     President & CEO
     Metabolix, Inc.
     +1-617-492-0505 ext. 225
     Thomas G. Auchincloss, Jr.
     Chief Financial Officer
     +1-617)-492-0505 ext. 221

SOURCE Metabolix, Inc.