A process for chain extending triblock copolymers of formula IV ##STR20## wherein R, X, y and m are as defined, said triblock polymers, which are produced by the polycondensation reaction of monomeric .alpha.-hydroxy carboxylic acid, having the formula ##STR21## in the presence of hydroxyl-terminated poly(alkylene glycol) chains, are extended by adding to the polymers produced thereby, a diisocyanate chain extension agent of general formula OCN--R'--NCO, wherein R' is hexamethylene, 4,4'-diphenylmethane, toluene, naphtalene, 4,4'-dicyclohexylmethane, cyclohexyl, 3,3'-dimethylphenyl, 3,3'-dimethyl-diphenylmethane, 4,6'-xylylene, 3,5,5-trimethylcyclohexyl, 2,2,4-trimethyl-hexamethylene and p-phenylene, or diisocyanate-terminated polyalkylene glycol chains comprising a central polyalkylene glycol chain capped by two diisocyanate compounds of the above, x and y are identical or different positive integers and m is a positive integer.