Verenium (VRNM) Soars on Cellulosic Ethanol Deal With BP

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10:23:27 am on August 6, 2008

Verenium (VRNM) is soaring nearly 50% this morning on news that oil giant BP is paying the company 90 million for access to its cellulosic ethanol technology.  The two companies have created a special entity as part of the deal and the technology developed will be jointly owned and licensed.

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