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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. (NASDAQ: CDXS) will participate in four upcoming investor conferences. The conferences include Jefferies London Healthcare Conference, Stifel 2023 Healthcare Conference, Stephens Annual Investment Conference, and Craig-Hallum Alpha Select Conference. Management will participate in fireside chats and host investor meetings. Live webcasts and replays will be available on the company's website.
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Codexis, Inc. announces presentation on enzymatic approach to support RNA-based therapeutics manufacturing at TIDES Europe annual meeting.
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Codexis, Inc. to report Q3 2023 financial results and host conference call on November 2, 2023
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Codexis CEO Stephen Dilly wins 2023 Bloom Burton Award for leadership at Sierra Oncology and $1.9 billion acquisition by GSK
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Stephen Dilly, CEO of Codexis, named finalist for 2023 Bloom Burton Award
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Codexis, Inc. to attend Cantor Global Healthcare Conference
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Codexis, Inc. executes lease assignment, resulting in estimated cash savings of over $30M through 2031
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Codexis, Inc. plans to prioritize the advancement and commercialization of its ECO Synthesis™ platform for RNAi therapeutics production. The company will streamline operations, discontinue certain development programs, and reduce headcount by 25%. Codexis expects to have sufficient funds to support its operations until mid-2026. The company also expects its Pharmaceutical Manufacturing business to return to growth in 2024. Preliminary unaudited revenue for the second quarter of 2023 is expected to be in the range of $21 million to $22 million.
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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
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United States of America
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