IHS Chemical Week

People & Business :: Earnings/Finance

Codexis net loss widens

12:58 AM MDT | August 12, 2013 | Deepti Ramesh

Codexis (Redwood City, CA), a company that engineers enzymes for pharmaceutical, biofuel, and chemical production, reports a net loss of $12.60 million in the second quarter of 2013, compared with a net loss of $5.51 million in the year-ago quarter. Second-quarter sales decreased 69.5%, compared with the year-ago period, to $6.97 million. Codexis says that, as a result of the termination of its collaborative research agreement with Shell in August 2012 and the resulting loss of associated collaborative R&D revenue, year-on-year comparisons for its first three...

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