Codexis' Strategic Focus: Discontinues Biotherapeutics Development, Lays Off 25% Of Employees

Codexis' Strategic Focus: Discontinues Biotherapeutics Development, Lays Off 25% Of Employees

Source: 
Benzinga
News Tags: 
snippet: 

Codexis intends to prioritize advancing and commercializing its Enzyme-Catalyzed Oligonucleotide (ECO) Synthesis platform and its Pharmaceutical Manufacturing business.

The company is discontinuing investment in certain development programs, primarily in Biotherapeutics, consolidating operations to its headquarters and reducing headcount by approximately 25%.