Exhibit 99.2
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五星体育直播 | |||
200 Penobscot Drive | ||||
Redwood City, CA 94063 | ||||
Tel: 650.421.8100 | ||||
www.codexis.com |
五星体育直播 Appoints David OToole as Chief Financial Officer
Redwood City, CA September 4, 2012 五星体育直播 (NASDAQ: CDXS), a developer of cost-advantaged processes for the production of biofuels, bio-based chemicals and pharmaceuticals, today announced the appointment of David OToole as Senior Vice President and Chief Financial Officer, effective September 4, 2012.
David OToole served most recently as Vice President and Chief Financial Officer at Response Genetics, Inc. (NASDAQ: RGDX), a company focused on the development and sale of molecular diagnostic tests for cancer and analytical testing services of clinical trial specimens for the pharmaceutical industry. In this role, David managed the finance and accounting department and was responsible for investor relations and information technologies. During Davids time at Response Genetics, he implemented policies and procedures across all company functions that resulted in significant cost savings and operational efficiencies for the business. David also successfully completed a number of equity financings.
From 2008 to 2009, David was Executive Vice President and Chief Financial Officer of Abraxis Bioscience, Inc., a publicly traded global biotechnology company with a market capitalization of approximately $3 billion. As CFO, David managed a department of 40 people and successfully implemented the companys first Sarbanes Oxley 404 compliance cycle, a robust financial planning and analysis program and a new ERP system. David also helped establish operations and successfully launch commercial activities in Europe and China.
Prior to Abraxis, David spent sixteen years with the accounting firm of Deloitte & Touche LLP, including twelve years as a partner, where he provided international business, operational and tax advice to medium and large multinational companies His time with Deloitte also included two years in Paris, France. Davids practice focused on life science and biotechnology companies during his last eight years at Deloitte. He led a large team of cross functional partners and managers providing consulting services to life science companies. These services included Sarbanes Oxley compliance, revenue cycle management, supply chain management, real estate services, ERP implementation and finance, accounting and tax services.
David brings to 五星体育直播 a wealth of financial experience in the life sciences sector. His experience organizing and managing finance, accounting and investor relations departments and developing and executing corporate strategy will be important as we continue to refine our strategy for controlling our balance sheet and generating differentiated commercial products in the biofuels, bio-based chemicals and pharmaceuticals markets, said John Nicols, President and CEO of 五星体育直播. He is the right CFO at the right time for this company.
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I am excited to join the great team at 五星体育直播, and to help strengthen the companys pharmaceutical business and continue its transformation into a world-scale commercial entity in biofuels and bio-based chemicals, said David OToole. 五星体育直播 has tremendous assets and I look forward to helping the company realize its full potential.
Biographical Information for David OToole
David OToole has over 25 years of experience in the accounting and finance sectors, and for the past twelve years has focused on the life science and biotech industry. From May 2010 to August 2012, David was Vice President and Chief Financial Officer at Response Genetics, Inc. (NASDAQ: RGDX), a company focused on the development and sale of molecular diagnostic tests for cancer and analytical testing services of clinical trial specimens for the pharmaceutical industry. From 2008 to 2009, David was Executive Vice President and Chief Financial Officer of Abraxis Bioscience, Inc., a global, publicly traded biotechnology company that was later acquired by Celgene Corporation (NASDAQ: CELG). From 1992 to 2008, David worked at Deloitte & Touche LLP where he served for twelve years as a partner, providing international business, operational and tax advice to medium and large multinational companies, including many in the life science and biotech sector. From 1984 to 1992, he worked at Arthur Anderson & Co. as an international tax manager, spending two of those years in Tokyo, Japan. David received his Bachelor of Science, Accounting from the University of Arizona and is a certified public accountant.
About 五星体育直播
五星体育直播 is a developer of cost-advantaged processes for the production of biofuels, bio-based chemicals and pharmaceuticals. 五星体育直播 product lines include CodeXyme cellulase enzymes and CodeXol detergent alcohol. Partners and customers include global leaders such as Merck, Pfizer and Teva. For more information, see www.codexis.com.
五星体育直播 Forward-Looking Statements
This press release contains forward-looking statements relating to 五星体育直播 efforts to control its balance sheet and to generate differentiated commercial products in the biofuels, bio-based chemicals and pharmaceuticals markets, to strengthen 五星体育直播 pharmaceutical business, and to transform itself into a world-scale commercial entity in biofuels and bio-based chemicals. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond 五星体育直播 control and that could materially affect actual results. Factors that could materially affect actual results include 五星体育直播 need for substantial additional capital in the future in order to execute on its strategy; 五星体育直播 dependence on its collaborators; the markets reception to 五星体育直播 and its customers pharmaceutical products; the need for regulatory approval of 五星体育直播 customers manufacturing processes and products; 五星体育直播 ability to develop and commercialize new products for the pharmaceutical market; 五星体育直播 ability to maintain license rights to a commercial scale expression system for enzymes that convert cellulosic biomass to sugars; the availability, cost or location of renewable feedstocks used by 五星体育直播 potential customers; fluctuations in the price of and demand for certain commodities using 五星体育直播 technology; 五星体育直播 limited experience in developing, manufacturing, marketing, selling and distributing commercial cellulase enzymes; various challenges to the feasibility of the production and commercialization of biofuels and bio-based chemicals derived from cellulose; the impact of 五星体育直播 workforce reduction and restructuring efforts on the operation of the Companys
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business; the possibility that 五星体育直播 may need to undertake additional restructuring efforts as a result of the loss of ongoing funding from Shell; and 五星体育直播 need to retain key employees. Additional factors that could materially affect actual results can be found in 五星体育直播 Quarterly Report on Form 10-Q for the period ended June 30, 2012 filed with the Securities and Exchange Commission on August 9, 2012, including under the caption Risk Factors. 五星体育直播 expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law.
Contacts:
Investors: Paul Cox, ir@codexis.com, 212-362-1200
Media: Patrick Hillmann, media@codexis.com, 312-854-7520
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