Financial PerformanceCodexis reported better-than-expected financial results, with revenues increasing to $15.3 million.
Research And DevelopmentRevenues for Codexis were led by $7.9 million in research and development revenues due to a licensing agreement executed in the quarter along with an 18% increase in product sales.
Strategic PartnershipsCodexis related that it now has over 30 engagements with ECO Synthesis partners, up from 5-10 at the start of the year, and expects to achieve pilot scale production of GLP-grade siRNA material using the ECO Synthesis Innovation Lab by the end of the year.