Solazyme enters partnership with Flotek

Solazyme Inc. (Nasdaq: SZYM) entered a strategic agreement with Flotek Industries Inc. (NYSE: FTK) to jointly commercialize and market the environmentally conscious drilling fluid additive Flocapso. Shares of Solazyme soared 74 cents to close at $3.95 while Flotek stock rose 45 cents to close at $17.64.