Solazyme (SZYM -17.8%) sinks following news it will dissolve its joint venture with Roquette...

|By:, SA News Editor

Solazyme (SZYM -17.8%) sinks following news it will dissolve its joint venture with Roquette Frères after failing to agree on a commercial strategy and timeline for the manufacturing and marketing of the venture's products. SZYM says it will accelerate commercialization of its own suite of microalgal food ingredients. At least two firms say today's selloff on the news is an overreaction.