STOCK TITAN

Codexis, Inc. - CDXS STOCK NEWS

Welcome to our dedicated page for Codexis news (Ticker: CDXS), a resource for investors and traders seeking the latest updates and insights on Codexis stock.

Codexis, Inc. (Symbol: CDXS) is a pioneering leader in protein engineering, pushing the boundaries of biotechnology through its innovative approaches. Established in 2002, Codexis specializes in the rapid development and production of highly optimized proteins using its proprietary CodeEvolver® technology platform. This platform leverages the power of artificial intelligence and advanced high-throughput screening systems to efficiently introduce function-driven mutations, creating proteins meticulously tailored to meet specific performance requirements.

Codexis offers a broad spectrum of enzyme optimization services and biocatalyst products. These include biocatalysts and enzymes, which play crucial roles in various industries, including pharmaceuticals, food, and biofuels. The company's enzyme solutions are designed to improve the efficiency, cost-effectiveness, and environmental sustainability of production processes.

A significant portion of Codexis’ revenue is derived from product sales, while licensing its technology platform to pharmaceutical companies also contributes to its financial health. These partnerships enable pharmaceutical giants to harness Codexis’ technology in-house, facilitating the engineering of custom enzymes for their specific needs.

Codexis has a global revenue footprint, with contributions from the United States, Ireland, Switzerland, China, and other international markets. The company's innovative efforts have led to several strategic partnerships and collaborations, further cementing its position in the biotechnology sector.

Recent achievements include a strategic collaboration geared towards enhancing RNA therapeutic development, aimed at providing GMP-grade Codexis enzymes. Another notable development is the collaboration with TnX transposase, focusing on enhancing genomic applications.

Codexis continues to advance in the field of biotherapeutics, retaining economic interest while minimizing development and commercialization costs. The company remains committed to optimizing yield, purity, and quality in its offerings, ensuring that customers receive superior siRNA materials for preclinical testing.

For more information, Codexis frequently participates in industry conferences, presenting breakthrough research and advancements. Stay updated with the latest developments and announcements by following Codexis on various platforms.

Rhea-AI Summary
Codexis, Inc. (CDXS) will report its financial results for Q4 and FY 2023 on February 28, 2024. The company will host a conference call to discuss the results and provide a business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.89%
Tags
conferences earnings
-
Rhea-AI Summary
Codexis, Inc. secures a $40 million term loan agreement with Innovatus Capital Partners, LLC to boost cash position and accelerate development of ECO Synthesis™ manufacturing platform for RNAi therapeutics. The loan facility includes $30 million upfront and access to an additional $10 million upon reaching revenue thresholds, reinforcing Codexis' financial strength. The company aims to achieve positive cash flow by the end of 2026, supporting ongoing technology development and commercialization efforts. Codexis plans to build an ECO Synthesis™ Innovation Lab to advance RNAi constructs and nucleotide modifications, enhancing its position in the pharmaceutical manufacturing sector. The partnership with Innovatus signifies confidence in Codexis' growth potential and innovative technology, positioning the company for future success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
Tags
none
-
Rhea-AI Summary
SeqWell and Codexis, Inc. announced the development of an engineered high-performance transposase enzyme, TnX transposase, designed to improve next-generation sequencing (NGS) performance. The collaboration leverages Codexis' strength in enzyme engineering and seqWell's expertise in developing tools for NGS. The new transposase is expected to reduce insertion-site bias, increase DNA conversion to library, and improve robustness across a range of assay conditions. Performance data will be presented at the AGBT General Meeting in February 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
none
Rhea-AI Summary
Codexis, Inc. (NASDAQ: CDXS) has entered into a purchase agreement with Nestlé Health Science for CDX-7108, an investigational therapy for exocrine pancreatic insufficiency. Codexis will receive up to $45M in potential milestone payments, including a $5M upfront payment, as well as single-digit net-sales-based royalties. Nestlé Health Science will be solely responsible for the continued development and commercialization of CDX-7108, including all associated costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
Tags
none
-
Rhea-AI Summary
Codexis, Inc. (NASDAQ: CDXS) has entered into an agreement with Aldevron, a global leader in the custom development and manufacture of plasmid DNA, RNA, and proteins for the biotech industry. Aldevron will acquire a global exclusive license to Codexis’ Codex® HiCap RNA Polymerase, providing a path to a GMP-grade version. Codexis will receive payments for technical milestones, commercial milestones, and sales-based royalties. The collaboration aims to increase commercial penetration and enable efficient manufacture of mRNA-based therapeutics, potentially impacting millions of patients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
41.15%
Tags
none
-
Rhea-AI Summary
Codexis, Inc. (NASDAQ: CDXS) achieves gram-scale synthesis with its Enzyme-Catalyzed Oligonucleotide (ECO) Synthesis™ technology, enabling the modeling of manufacturing processes for RNAi therapeutics. Pre-commercial customer testing set for 2024 with a full commercial launch anticipated in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
41.15%
Tags
none
Rhea-AI Summary
Codexis, Inc. (NASDAQ: CDXS) hosted a virtual KOL event to discuss the growth of RNA interference therapeutics, featuring industry experts and company management. The event highlighted the potential of the Company’s Enzyme-Catalyzed Oligonucleotide Synthesis platform to enable commercial-scale production of RNAi therapeutics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
Tags
none
-
Rhea-AI Summary
Codexis, Inc. (NASDAQ: CDXS) to host virtual KOL event on Enzyme-Catalyzed Oligonucleotide (ECO) Synthesis™ platform and RNA interference therapeutics manufacturing landscape with industry experts. Event to feature John Maraganore, PhD, and David Butler, PhD, discussing commercial-scale production potential. Management to provide overview of ECO Synthesis™ platform and commercial opportunity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.05%
Tags
conferences
-
Rhea-AI Summary
Codexis, Inc. (NASDAQ: CDXS) to attend 35th Annual Piper Sandler Healthcare Conference, participating in a fireside chat on November 28, 2023, at 9:30 am ET. The live webcast will be available on the Company’s Investor Relations website, with a 90-day replay archive.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.63%
Tags
conferences
Rhea-AI Summary
Codexis, Inc. announced its financial results for Q3 2023, reporting a decrease in total revenues by 57% compared to the same period last year. The company remains on track to demonstrate gram-scale synthesis with its ECO Synthesis™ platform for RNAi therapeutics production by the end of the year. Codexis also highlighted its strong financial position, projecting positive cash flow by the end of 2026. The company plans to host a virtual ECO Synthesis™ platform-focused KOL event on December 8, 2023, featuring John Maraganore.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.22%
Tags

FAQ

What is the current stock price of Codexis (CDXS)?

The current stock price of Codexis (CDXS) is $4.33 as of November 21, 2024.

What is the market cap of Codexis (CDXS)?

The market cap of Codexis (CDXS) is approximately 365.4M.

What does Codexis, Inc. specialize in?

Codexis specializes in the rapid development and production of optimized proteins using its proprietary CodeEvolver® technology platform.

How does Codexis generate revenue?

Codexis generates revenue primarily through product sales and by licensing its technology platform to pharmaceutical companies.

What industries benefit from Codexis’ products and services?

Industries such as pharmaceuticals, food, and biofuels benefit from Codexis’ enzyme optimization services and biocatalyst products.

What is the CodeEvolver® technology platform?

The CodeEvolver® technology platform is Codexis' proprietary method for rapidly developing highly optimized proteins through guided mutations and high-throughput screening.

Where does Codexis derive its revenue from geographically?

Codexis derives revenue from the United States, Ireland, Switzerland, China, and other international markets.

What recent collaborations has Codexis entered into?

Recent collaborations include a strategic partnership for RNA therapeutic development and a development collaboration with TnX transposase for genomic applications.

What is the significance of Codexis’ strategic collaborations?

These collaborations aim to enhance product efficiency, reduce costs, and expand the application of Codexis' enzyme technology in various fields.

What recent achievements has Codexis made in biotherapeutics?

Codexis has retained economic interest in biotherapeutic assets while minimizing development and commercialization costs, focusing on optimizing siRNA materials for preclinical testing.

How does Codexis ensure the quality of its products?

Codexis continues to enhance yield, purity, and quality, providing customers with high-standard siRNA materials comparable or superior to existing options.

How can I stay updated with Codexis’ latest news and developments?

Follow Codexis' presentations at industry conferences and keep an eye on their official announcements for the latest updates.

Codexis, Inc.

Nasdaq:CDXS

CDXS Rankings

CDXS Stock Data

365.39M
79.57M
2.23%
79.83%
2.4%
Biotechnology
Industrial Organic Chemicals
Link
United States of America
REDWOOD CITY