CODA Genomics Becomes Verdezyne
                
Carlsbad-based CODA Genomics, formerly located in Laguna Hills and founded by IGB members Rick Lathrop and Wes Hatfield, said Tuesday that it is renaming itself Verdezyne, Inc. Verdezyne is developing technology developed at UC Irvine for engineering proteins, metabolic pathways and microorganisms for the life sciences, chemical, and biofuels markets. The firm, which is venture backed by OVP Venture Partners, Monitor Ventures, the Tech Coast Angels, and the Life Science Angels, said the name change better conveys the company's focus on manufacturing platform chemicals and biofuels. The firm's core technology, licensed from UCI is being applied to the commercial fermentation process, which is used for biofuels and chemicals manufacturing from lignocellulosic materials.