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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.
Codexis (NASDAQ: CDXS) announced it will release its financial results for Q1 2023 on May 4, 2023, after market closure. The company will not hold a conference call following this release. Codexis specializes in enzyme engineering, utilizing its CodeEvolver® technology platform to develop high-performance enzymes for various applications, including pharmaceuticals and biotherapeutics. Their technology aims to enhance manufacturing efficiency, reduce energy consumption, and improve therapeutic efficacy. The company's innovations address challenges in small molecule production, nucleic acid synthesis, and genomic sequencing.
Codexis (NASDAQ: CDXS) will host a workshop at the TIDES USA annual meeting on May 7, 2023, focusing on enzymatic solutions for RNA-based therapeutics manufacturing. As RNA therapeutics, particularly mRNA vaccines and siRNA candidates, gain momentum, challenges in production quality, quantity, and economics persist. Codexis aims to showcase how its engineered enzymes can address these issues, potentially enhancing scalability and sustainability in the manufacturing process.
The presentation, titled 'Engineered Enzymes to Overcome Scalability and Sustainability Challenges of Nucleic Acid Therapeutics Manufacturing,' will take place from 12:30 PM to 1:30 PM PT at Manchester Grand Hyatt in San Diego, CA. An archive will be available to registered attendees on the TIDES USA platform and Codexis' website.
Codexis, Inc. (NASDAQ: CDXS), an enzyme engineering leader, has announced the approval of equity grants for two new employees. The grants include options to purchase 14,881 shares of common stock and restricted stock units (RSUs) for 8,928 shares. These awards serve as inducement under the company’s 2022 Employee Inducement Incentive Plan and comply with Nasdaq Listing Rule 5635(c)(4). The stock options have an exercise price equal to the closing price on the grant date and will vest over four years, while RSUs will vest annually over three years. Codexis specializes in high-performance enzymes with applications in pharmaceuticals, genetic research, and therapeutics, contributing to manufacturing efficiency and improved health solutions.
On April 4, 2023, Codexis announced that Patrick Yang, PhD, will not seek re-election to its Board of Directors after serving since 2014. Yang, who chaired the Nominating and Corporate Governance Committee, was recognized for his significant contributions to the company. The Board expressed gratitude for his leadership during his tenure. Codexis noted that Yang's departure comes after strengthening the Board with new members experienced in biomanufacturing and gene therapy. Dr. Yang expressed confidence in Codexis's future under its current leadership, highlighting the company's transformation in Life Sciences and Biotherapeutics.
Codexis (NASDAQ: CDXS), an enzyme engineering company, announced the approval of equity grants for two new hires as sanctioned by its Compensation Committee. The awards include stock options for 43,403 shares and restricted stock units (RSUs) for 9,723 shares, as part of the 2022 Employee Inducement Incentive Award Plan. Stock options will have an exercise price based on the closing price on the grant date and vest over four years. RSUs will vest annually over three years. This move aims to attract and retain talent in the competitive biotech sector.
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