Codexis Get $50m to Accelerate Strategic Growth Initiatives

| By | Biological engineering, Codexis
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Codexis, Inc., a leading synthetic biology company, announces that Casdin Capital, LLC, a New York City-based life science-focused investment firm and current stockholder of Codexis, has invested approximately $50 million in Codexis through the purchase of shares of Codexis’ common stock in a private placement.

“The value and the versatility of Codexis’ business and engineering platform enables a diverse set of high-growth capabilities across multiple markets. Casdin has long recognized our technology and leadership capability and, with their latest investment, we have significant financial flexibility to capitalize on a variety of growth opportunities,”

said Codexis President and CEO John Nicols.

“The ability to drive performance and economic advantages through the intelligent engineering of enzymes is now a critical capability across a diverse set of end markets,”

said Eli Casdin, CEO of Casdin Capital.

“We believe that Codexis is one of the few proven management teams and technology platforms capable of capturing this fast-growing market demand and are excited to catalyze their strategic growth initiatives.”

SOURCE: ir.codexis.com
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