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| 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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