Codexis (CDXS) to Receive $8M Payment After Completing Transfer of CodeEvolver Technology to Merck
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Codexis Completes Transfer of CodeEvolver® Technology to Merck
October 5, 2016 7:00 AM EDTREDWOOD CITY, Calif., Oct. 05, 2016 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading protein engineering company, announced the completion of the second and final phase in the transfer of its proprietary CodeEvolver® protein engineering platform technology to Merck, known as MSD outside the United States and Canada, under a non-exclusive licensing agreement.  Codexis will receive an $8 million payment from Merck for completion of this milestone to be paid in the fourth quarter of 2016.
We have now successfully transferred our CodeEvolver® technology under licensing agreements with two major pharmaceutical companies, and completed... More
