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Intrexon Provides Update on Recent Stock Trading Activity

GERMANTOWN, Md., April 22, 2016 /PRNewswire/ --Intrexon Corporation XON, -26.42% a leader in synthetic biology, provided an update to its shareholders regarding recent trading activity in the company's common stock. On Thursday, April 21, 2016, a materially false and misleading report regarding the company, its subsidiaries and its chairman and CEO was published on Seeking Alpha, a financial blog.

Intrexon does not, as a general matter, respond to blog posts, investor reports or analyst communications. In this case, however, Intrexon is providing this update given the inaccuracy of the report's content, the stated intent of the publisher to issue several more spurious reports in the coming days, and information received last night regarding the erroneous publication.

Yesterday evening, Intrexon received a draft report, dated December 2015, which contained similarly inaccurate claims and strikingly similar language, in some parts identical words, to that used in yesterday's report. Moreover, Intrexon received information that the source of the report was a particular hedge fund seeking to discredit Intrexon. The hedge fund, according to our...


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