REDWOOD CITY, Calif., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ:CDXS), a leading protein engineering company, announces financial results for the three and nine months ended September 30, 2015, and provides an update on the company's business progress.
"We are reporting strong financial and operational performance with revenues exceeding $17 million and net income exceeding $5 million for the quarter," stated Codexis President and CEO John Nicols. "We earned combined payments totaling $11.5 million from GSK and Merck related to the successful achievement of milestones under non-exclusive licensing transactions for our CodeEvolver® protein engineering platform technology. Our ability to enter into and advance such licensing agreements is a critical component of our overall growth strategy. At present, both programs with these major pharmaceutical companies are progressing well and according to plan." - See more at: http://www.globenewswire.com/news-release/2015/11/04/783656/10155232/en/Codexis-Reports-Financial-Results-for-the-Third-Quarter-of-2015.html#sthash.0k4mlzU7.dpuf
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"We are reporting strong financial and operational performance with revenues exceeding $17 million and net income exceeding $5 million for the quarter," stated Codexis President and CEO John Nicols. "We earned combined payments totaling $11.5 million from GSK and Merck related to the successful achievement of milestones under non-exclusive licensing transactions for our CodeEvolver® protein engineering platform technology. Our ability to enter into and advance such licensing agreements is a critical component of our overall growth strategy. At present, both programs with these major pharmaceutical companies are progressing well and according to plan." - See more at: http://www.globenewswire.com/news-release/2015/11/04/783656/10155232/en/Codexis-Reports-Financial-Results-for-the-Third-Quarter-of-2015.html#sthash.0k4mlzU7.dpuf
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