{"id":7718,"date":"2013-06-17T03:34:40","date_gmt":"2013-06-17T07:34:40","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=7718"},"modified":"2013-06-17T03:34:40","modified_gmt":"2013-06-17T07:34:40","slug":"codexis-inc-nasdaqcdxs-shares-increases-by-25-35","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/codexis-inc-nasdaqcdxs-shares-increases-by-25-35-7718","title":{"rendered":"Codexis Inc. (NASDAQ:CDXS) shares increases by 25.35%"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/17\/2013 (wallstreetpr) &#8211;\u00a0The share prices of Codexis Inc. (NASDAQ:CDXS) had surged by 25.35 percent to close at $2.72 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $2.16 to $2.89 per share during the day. The shares of Codexis Inc. (NASDAQ:CDXS) had recorded 52 week high price level of $4.00 per share and 52 week low price level of $1.99 per share.<\/p>\n<p style=\"text-align: justify;\">Codexis Inc. (NASDAQ:CDXS) is primarily engaged in the development of engineered enzymes for pharmaceutical, biofuel and chemical production and is presently in the ongoing effort to develop a fully integrated biomass to detergent alcohols technology in collaboration with Chemtex, a leader in chemical engineering and renewable processes. The two companies had on Friday announced that their Codexol detergent alcohols made using cellulosic sugars had scaled up in the production levels.<\/p>\n<p style=\"text-align: justify;\">The scale-up was achieved at a 1,500 liter demonstration facility at Chemtex&#8217;s R&amp;D complex in Tortona, Italy and is a key milestone in the ongoing effort initiated by the two companies to develop a fully integrated biomass to detergent alcohols technology. A combination of Chemtex&#8217;s commercially proven PROESA<sup>\u00ae<\/sup>\u00a0cellulosic sugar technology and Codexis&#8217; CodeXyme<sup>\u00ae<\/sup>\u00a04X cellulase enzymes was used to produce cellulosic sugars from non-food biomass, while the CodeXol<sup>\u00ae<\/sup>\u00a0detergent alcohol fermentation process technology &#8211; which includes Codexis&#8217; proprietary microorganism strain &#8211; converted these cellulosic sugars to detergent alcohols.<\/p>\n<p style=\"text-align: justify;\">Such a scale up in production is believed to represent the world\u2019s first successful large scale effort to produce commercially relevant detergent alcohols from cellulosic biomass feedstock. Codexis Inc. (NASDAQ:CDXS) had witnessed the trade of 1.79 million shares on Friday, while the average trading volume for the company is at 191,093 shares per day.<\/p>\n<p style=\"text-align: justify;\">Codexis Inc. (NASDAQ:CDXS) presently holds 38.01 million shares outstanding in the market with an institutional ownership of 44 percent of its holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/17\/2013 (wallstreetpr) &#8211;\u00a0The share prices of Codexis Inc. (NASDAQ:CDXS) had surged by 25.35 percent to close at $2.72 per share for the end [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2666,2667],"stock_ticker":[],"class_list":["post-7718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-codexis-inc-nasdaqcdxs","tag-nasdaqcdxs","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Codexis Inc. 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