Kraig Biocraft Laboratories, Inc. (KBLB.OB) Exceeds Goal for DNA Insertions
Kraig Biocraft Laboratories Inc. is a biotech company working to develop and commercialize high performance polymers. The company intends to break into the $92 billion market for high performance fibers by using spider silk genes. The company intends to insert these genes into silkworms to make them produce fibers with the characteristics of spider silk, which is one of the strongest natural fibers known. In an effort to reach these goals, Kraig Biocraft has licensed the spider gene sequences patented by the University of Wyoming and the genetic developed technology by the University of Notre Dame. Several weeks ago, Kraig…