Codexis licenses Dyadic's C1 expression system in 10M deal

24 November 2008

Biocatalyst developer Codexis has licensed a C1 expression system for large-scale production of enzymes from fellow USA-based Dyadic International.

The deal covers certain fields including biofuels and chemical and pharmaceutical intermediate production and includes an upfront payment by Codexis of $10.0 million provided that certain performance criteria are satisfied. Additional financial terms were not disclosed.

Alan Shaw, Codexis' chief executive, said: "the Dyadic production system expands our technology platform, providing improved capability and efficiency in enzyme production across many Codexis programs."

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