Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (29032)	2/10/2002 12:26:37 PM
From: Rich1	Respond to of 99280

Not a public company...

To: LTK007 who wrote (29032)	2/10/2002 12:28:41 PM
From: LTK007	Respond to of 99280

Nexia shares soar on artificial spider silk fiber--Thursday January 17, 3:52 pm Eastern Time-- TORONTO, Jan 17 (Reuters) - Shares of Nexia Biotechnologies Inc. (Toronto:NXB.TO - news) jumped as much as 45 percent on Thursday after the company said it had co-produced the world's first artificial spider silk fibers. Nexia, along with the U.S. Army Soldier Biological Chemical Command, said they had produced the strong, light fiber in laboratory dishes of mammal cells. The next step in the product's development will be through genetically altered goats that will produce the the material in their milk. ``Mimicking spider silk properties has been the holy grail of material science for a long time and now we've been able to make useful fibers,'' said Jeffrey Turner, chief executive of Nexia. Spider silk is immensely strong as well as extremely thin and light. The company said the recombinant spider silk, named BioSteel, could be used to produce medical sutures, biodegradable fishing lines, body armor and other composites. Shares of Nexia, which were halted pending the news, rose C$1.50, or 30 percent, to C$6.50 on the Toronto Stock Exchange in late afternoon trading. ($1 equals $1.61 Canadian)