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 (CDXS) pioneers enzyme engineering solutions for biopharmaceutical manufacturing through its CodeEvolver and ECO Synthesis platforms. This page aggregates all official announcements and developments critical to understanding the company's trajectory.
Investors and industry professionals will find curated updates including earnings reports, strategic partnerships, product launches, and manufacturing innovations. Our collection ensures timely access to material information affecting therapeutic production efficiency.
Key content categories include financial performance disclosures, technology licensing agreements, enzyme optimization breakthroughs, and sustainability initiatives. All updates are sourced directly from verified corporate communications.
Bookmark this page for streamlined tracking of Codexis' advancements in protein engineering and RNA therapeutic manufacturing. Check regularly for developments impacting biotech production economics and pharmaceutical process optimization.
Codexis (NASDAQ: CDXS), a leading enzyme engineering company, has published its inaugural sustainability disclosures for fiscal year 2023. These disclosures, aligned with the Sustainability Accounting Standards Board (SASB) guidance, mark a significant milestone in Codexis' sustainability journey. The report covers the company's environmental, social, and governance (ESG) performance for the year ended December 31, 2023.
This initiative demonstrates Codexis' commitment to providing stakeholders with standardized and transparent information about its sustainability efforts. As the company continues to grow as a partner for sustainable drug manufacturing, it plans to build upon these disclosures and make further advancements in its sustainability performance and reporting practices. Interested parties can access Codexis' FY2023 SASB index and learn more about its sustainability program on the company's website.
Codexis has reported its Q2 2024 financial results, alongside maintaining full-year financial guidance. Total revenues for Q2 2024 were $8.0 million, significantly lower than Q2 2023’s $21.3 million, with product revenues at $6.3 million and R&D revenues at $1.7 million. The company emphasizes a 10% product revenue growth for FY2024, excluding PAXLOVID™ enzyme sales. Gross margin for products fell to 45%, down from 71% in Q2 2023. Codexis's financial outlook, reiterated on Feb 28, 2024, expects product revenues between $38-42 million and R&D revenues between $18-22 million for the year.
The company achieved notable technical progress, presenting groundbreaking enzymatic synthesis data at TIDES USA 2024 and launching its dsRNA ligase screening services. Codexis received a significant order for the dsRNA ligase and finalized a purchase agreement with Crosswalk Therapeutics for gene therapy assets. Despite a net loss of $22.8 million, Codexis is focused on entering its first technical collaboration for the ECO Synthesis™ platform by year-end and completing its Innovation Lab build-out.
Codexis (NASDAQ: CDXS), a leading enzyme engineering company, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host a conference call and webcast at 4:30 pm Eastern Time to discuss the results and provide a business update. Investors can access the live webcast on the Codexis Investor Relations website, where it will be archived for at least 90 days. For those preferring to join by phone, the live call can be accessed by dialing 877-705-2976 (domestic) or 201-689-8798 (international). A 48-hour telephone replay will also be available.
Codexis (NASDAQ: CDXS), an enzyme engineering firm, has entered an asset purchase agreement with Crosswalk Therapeutics, transferring its investigational Fabry and Pompe disease compounds. Codexis is set to receive future development and commercial milestone payments, along with a low-to-mid single-digit percentage net sales-based royalty. Crosswalk Therapeutics, led by former Takeda rare diseases team members, will continue advancing these therapies. This move follows Codexis' strategic shift to monetize non-core assets and focus on high-value programs after Takeda discontinued its AAV gene therapy efforts in April 2023.
Codexis (NASDAQ: CDXS), a prominent enzyme engineering company, announced its participation in the Jefferies Global Healthcare Conference on June 5-6, 2024, in New York. Management will engage in a fireside chat on June 5 at 11:30 am ET. A live webcast and an archived replay will be accessible via Codexis' Investor Relations webpage.
Codexis (NASDAQ: CDXS), an enzyme engineering company, announced its participation in the TD Cowen 2nd Annual Sustainability Week from May 21-23, 2024. The company will join a panel on May 22, 2024, to discuss “Sustainable API Manufacturing” focusing on the benefits of enzymatic synthesis in creating small molecule and siRNA therapeutics. The event will be live-streamed and available for replay on the Codexis website.
On May 14, 2024, Codexis (NASDAQ: CDXS) announced a significant milestone in enzymatic synthesis at the TIDES USA annual meeting. The company successfully synthesized a full-length oligonucleotide via its ECO Synthesis™ platform, offering an alternative method for RNA-based therapeutics production. This platform demonstrated coupling efficiency greater than 98% and minimized impurities compared to conventional methods. Codexis also launched RNA Ligase Screening and Optimization Services, aimed at improving RNA synthesis efficiency and scalability. This development could potentially lower manufacturing costs and enhance the quality and yield of RNA therapeutics.
Codexis, Inc. (NASDAQ: CDXS) reported a 32% increase in total revenue for Q1 2024, with product revenue up 14%. The company secured its first substantial order for dsRNA Ligase from a large pharma customer. Codexis also received a $40 million loan facility agreement with Innovatus, strengthening its cash position. Additionally, the company entered into an exclusive global license agreement with Roche Sequencing Solutions, Inc. Codexis expects to achieve significant milestones in enzymatic synthesis and ECO Synthesis™ platform development, with a focus on DNA ligation. Financially, the company saw positive growth in total and product revenues, improved product gross margin, and reduced R&D and SG&A expenses. The net loss decreased compared to Q1 2023, with cash reserves to support operations until positive cash flow is expected in 2026. Codexis reaffirmed its 2024 financial guidance, anticipating growth across product and R&D revenues.
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