EnzymeWorks, Inc. and Codexis, Inc. Reach a Settlement Agreement
SUZHOU, China–(BUSINESS WIRE)–After nearly two years of litigation, EnzymeWorks, Inc. and Codexis,
Inc. have decided to reach a settlement agreement.
All claims against EnzymeWorks’ founder Alex Tao have been dismissed
with prejudice. Claims against EnzymeWorks including trade secret
misappropriation and breach of contract have been dismissed with
prejudice. As for patent infringement, both parties have stipulated to a
judgment. For details please see https://www.businesswire.com/news/home/20170811005520/en/EnzymeWorks-Dr.-Alex-Tao-Respond-Press-Release.
Biocatalysis is a relatively new field, and some guidelines are coming
up to minimize legal risks and make the technology more attractive for
chemical production. Learn more at http://www.enzymeworking.com/index.php?_m=mod_article&_a=article_content&article_id=260.
We greatly appreciate our friends and customers’ trust and support
during those difficult times, and especially thank our legal counsel J.
James Li and his team at LiLaw Inc. for their professional services,
deep experience and dedication.
With the case behind, EnzymeWorks and Alex Tao will continue to improve
the biocatalysis technology making it more efficient for green chemical
manufacturing. EnzymeWorks develops its own enzymes and processes via
retrosynthetic integration with chemical transformations, and is always
committed to taking responsibility for IP.
About EnzymeWorks, Inc: EnzymeWorks is a world leader in applying
biosynthesis and green chemistry as its core technologies for CROs and
CMOs. The company has developed more classes of biocatalysts than any
other companies, and also supplies many cofactors including NAD, NADP,
UDP-sugars, PLP etc. at large scale. It has also the largest enzyme and
fermentation facility including DSP and freeze drying. Its research team
has contributed to over 20 books, filed over 100 patents and received
numerous honors and awards in biocatalysis and green chemistry. Learn
more at www.enzymeworking.com.
About LiLaw Inc: LiLaw Inc. is a dynamic intellectual property,
business litigation and employment law firm based in California, USA.
Its founder, attorney J. James Li, is a seasoned trial lawyer listed in
the National Register's Who's Who in Executives and Professionals with
nearly 20 years of experiences in various business legal matters. His
vision is to provide high quality and yet affordable legal services to
small and midsize companies. Learn more at www.lilaw.us.
Contacts
Press Contact:
EnzymeWorks, Inc.
Ling Zhu
+86 512
8883 8789
[email protected]
