Codexis Inc gains on plan to lay off 25% of workforce

Codexis

20/07/2023 22:45

** Enzyme engineering company Codexis Inc's  CDXS.O  shares
up 4.61% at $3.63 after market
    ** Company plans to lay off 25% of its workforce by Sept. 30
    ** Codexis reiterates 2023 product revenue outlook between
$30 mln-$35 mln
    ** Company expects its pharmaceutical manufacturing business
to return to growth in 2024
    ** As of last close, Codexis shares down 25.5% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))