Genomatica Files Registration Statement for Proposed IPO
San Diego, CA, August 25, 2011 -- Renewable chemicals developer Genomatica announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of shares of its common stock. Genomatica spun out of the Bioengineering Department of the UC San Diego Jacobs School of Engieering.
In July, Genomatica took the #1 spot in the 2011-12 30 Hottest Companies in Renewable Chemicals and Materials rankings by BiofuelsDigest. The rankings recognize innovation and achievement in renewable chemicals and materials development. (Read theGenomatica press release on this ranking.)
Genomatica CEO Christophe Schilling earned his Ph.D. in Bioengineering in 2000 at the UC San Diego Jacobs School of Engineering, under the guidance of professor Bernhard Palsson, the Galetti Professor of Bioengineering in the Department of Bioengineering.
Schilling launched Genomatica along with Palsson in 2000. Their aim was to enable the chemical industry, through Genomatica’s novel bio-manufacturing processes, to transform its feedstock base and take the “petro” out of the “petro-chemicals” business. Currently, professor Palsson serves at the chairman of the Genomatica scientific advisory board.
* Genomatica is a 2011 winner of the Presidential Green Chemistry Challenge Award (read Genomatica press release), was recently named one of ‘10 Big Green Ideas’ by Newsweek and has been featured on Forbes.com.
* Find links to Genomatica-related stories on this April 5 post on the Jacobs School of Engineering blog.
* The UC San Diego alumni magazine ran an item on Genomatica in September 2009.