Article: Pfizer Taking $10M Equity Chunk In Codexis As Part Of Agreement.

West Coast Editor

Codexis Inc. nailed down a research and development deal with Pfizer Inc. that could be worth up to $40 million, plus a $10 million equity investment that the pharmaceutical giant is making right away - but that's hardly all.

"If Pfizer goes to market with a product that uses our technology, we'd be talking hundreds of millions of dollars," said Alan Shaw, president and CEO of Redwood City, Calif.-based Codexis.

Pfizer also gets an option to license MolecularBreeding for in-house use. Described as "directed molecular evolution technology," MolecularBreeding deploys biocatalysis and fermentation to come up with new or improved ...

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