Codexis Inc sales its subsidiary in Hungary Intrexon Corporation

Codexis sells Hungarian subsidiary to Intrexon

6:28 AM, 15th March 2014
Codexis Inc sales its subsidiary in Hungary to Intrexon Corporation

REDWOOD CITY, US: Codexis Inc, a leading developer of biocatalysts for the pharmaceutical and fine chemical industries, announced the sale of its subsidiary in Hungary to Intrexon Corporation. The transaction closed on 13 March 2014, with a purchase price of $1.5 million. No proprietary Codexis materials or intellectual property were included in the transaction.

“We are very pleased with this transaction. We were able to transfer our dedicated and talented employees in Hungary to Intrexon and to monetize one of our assets as part of the wind down of our biofuels business,” said John Nicols, President and CEO, Codexis.

 

© Worldofchemicals News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Air Liquide to invest €100 million in three innovation centres in France

PARIS, FRANCE: Air Liquide has decided on three investments in France to help accelerate the Group’s innovation and explore new markets. These t ...

Read more
Asahi Kasei expands Neoma phenolic foam insulation panels production

IBARAKI, JAPAN: Asahi Kasei Construction Materials completed the addition of a new production line for Neoma phenolic foam insulation panels at its pl ...

Read more
BASF forms research collaboration with leading Asian universities

LUDWIGSHAFEN, GERMANY: BASF has established the research initiative “Network for Advanced Materials Open Research” (NAO) together with sev ...

Read more
Cytec acquires C-CON, engineering company in Germany

WOODLAND PARK, US: Cytec Industries Inc has acquired an equity position in C-CON Holdings GmbH, a leader in engineering, design and process developmen ...

Read more
US FDA bans imports from Sun Pharma’s Gujarat plant

WASHINGTON DC, US/KARKHADI, INDIA: The US Food and Drug Administration (FDA) has banned imports from Indian generic drugmaker Sun Pharmaceutical Indus ...

Read more
COIM to expand polyester polyols capacity in Italy

OFFANENGO, ITALY: COIM spa, global polyurethane chemicals producer, will break ground to expand its European polyester polyols manufacturing capacity ...

Read more