December 6, 2013

Codexis exits fatty alcohols project

Sugar-based alcohols business is not that sweet?
The big news last month on Codexis's third quarter earnings call is that the company stopped further development of its CodeXol® detergent alcohols franchise earlier in the year as the company also decided to exit its CodeXyme® cellulase enzymes business. The cellulase enzymes catalyse the conversion of cellulose into fermentable glucose, and it is used to produce the  CodeXol®

According to Codexis, the company has started winding down the CodeXyme® franchise after being unable to secure a suitable partnership for the cellulase enzyme business.

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