Here's Why Amyris Rose as Much as 12.7% Today
Shares of Amyris (NASDAQ: AMRS) gained over 12% today after the company announced the market launch of its zero-calorie sweetener, consumer brand Purecane. The product is based on an ingredient found in stevia plants called Reb M, but the company produces it via fermentation.
The idea is that industrial biotech can enable a reduced production footprint and improved economics, compared to traditional agricultural cultivation methods. Similarly, consumer brands are traditionally accompanied by much higher margins, compared to selling bulk volumes of ingredients to other businesses.
As of 3:35 p.m. EST, the small-cap stock had settled to an 8.3% gain.
Source Fool.com