Codexis’s loss widens in fourth quarter

Codexis (Redwood City, CA), a developer of engineered enzymes for pharmaceutical, biofuel, and chemical production, has reported a net loss of $15.5 million in the fourth quarter of 2012, compared with a net loss of $5.3 million in the year-ago quarter. Fourth-quarter sales decreased 76%, to $7.9 million, primarily because of the termination of Codexis’s collaborative research agreement with Shell as of 31 August 2012, Codexis says. Product revenue in the fourth quarter of 2012 was $6.8 million, a decrease from $15.5 million in the prior-year quarter...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers