Codexis Enters Agreement For Assignment And Assumption Of San Carlos Facility Lease
Portfolio Pulse from Benzinga Newsdesk
Codexis has entered an agreement for the assignment and assumption of its San Carlos facility lease. The company estimates it will realize cumulative cash savings of more than $30 million through 2031 due to consolidating operations to its headquarters in Redwood City, California.
September 07, 2023 | 8:11 pm
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Codexis' consolidation of operations to its Redwood City headquarters is expected to result in over $30 million in savings through 2031.
The consolidation of operations to its headquarters is a strategic move by Codexis that is expected to result in significant cost savings. This could positively impact the company's financial performance, potentially leading to a positive impact on its stock price.
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