IHS Chemical Week

People & Business :: Earnings/Finance

Codexis narrows loss

12:22 AM MDT | August 7, 2014 | Deepti Ramesh

Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $8.47 million in the second quarter of 2014 compared with a net loss of $12.60 million in the second quarter of 2013. Second-quarter sales decreased 5.8%, to $6.57 million. Biocatalyst product revenue in the second quarter of 2014 was $2.8 million, a 44% decrease from the prior year quarter. The decrease was primarily due to the expected loss of the company's biocatalyst and intermediate sales to customers in the hepatitis C drug...

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