Codexis to produce "mystery generic" for Teva
Codexis, a privately-held US biotechnology firm, has entered into a licensing agreement with Israel's Teva Pharmaceutical Industries to produce one of the largest-selling US generic products, using a proprietary biocatalyst. Financial terms and the name of the drug were not disclosed.
Codexis chief executive Alan Shaw said: "our proven technology reduces the cost of pharmaceutical process development and manufacturing, and provides our partners with a significant competitive advantage as they respond to increasing market demands for lower cost pharmaceuticals."
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