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Codexis secures $60M loan from Trinity Capital to refinance debt and fund siRNA therapeutic growth.

10 Nov 2026, 13:00 WIB
GlobeNewsWire
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Bullish
Codexis secures $60M loan from Trinity Capital to refinance debt and fund siRNA therapeutic growth.

Codexis, a leader in enzymatic solutions for therapeutics manufacturing, has secured a $60 million senior secured term loan from Trinity Capital. The initial $42.5 million drawdown was used to refinance existing debt, improving Codexis's financial flexibility. The loan features 48 months of interest-only payments followed by a 12-month amortization period starting in November 2030. This financing supports Codexis's growth initiatives, particularly the industrialization of its ECO Synthesis platform for siRNA therapeutics, aiming to enhance manufacturing efficiency and scale.

Codexis's recent $60 million term loan facility provides context for health sector activity on Pluang. As of Nov 10, 2026 17:11 WIB, 70 of 150 priced health-sector US stocks rose while 65 fell. Notable movers include CGC at USD 0.65 with a 4.37% gain and HIMS at USD 22.04 with a 3.92% loss in one day.

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