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Codexis narrows loss

2:55 AM MDT | March 12, 2014 | Deepti Ramesh

Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $9.81 million in the fourth quarter of 2013 compared with a net loss of $15.53 million in the fourth quarter of 2012. Fourth-quarter sales increased 20.4%, to $9.52 million. “We had a strong finish in 2013 as we executed well on our restructuring plans and delivered a solid financial result in the fourth quarter in our core biocatalysts business,” says John Nicols, president and CEO of Codexis. “Our talent base in...

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