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Codexis sells Hungary operations

6:53 AM MDT | March 21, 2014

Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says it has sold its subsidiary and laboratory operations at Budapest to biotechnology company Intrexon (Germantown, MD), for a purchase price of $1.5 million. The transaction closed on 13 March. No proprietary Codexis materials or intellectual property was included in the transaction, Codexis says. The deal was part of Codexis’s wind-down of its biofuels business, says John Nicols, company president and CEO. Intrexon says that the acquisition will...

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