San Diego, April 18, 2008 - Senomyx, Inc., a leading company focused on using proprietary technologies to discover and develop novel flavor ingredients for the food, beverage and ingredient supply industries, announced today that it has expanded and extended its collaborative research, development, commercialization and license agreement with The Coca-Cola Company. During the extension period, the companies will continue to cooperate on activities related to the discovery, development, and worldwide commercialization of new flavor ingredients. For more information regarding the agreement, please see the related 8-K filing by Senomyx with the Securities and Exchange Commission.
"Senomyx is privileged to continue working with The Coca-Cola Company, the world's largest beverage company," said Kent Snyder, President and Chief Executive Officer of the Company. "Senomyx achieved significant progress during the past year with the identification of new flavor ingredients that can be used to reduce the amount of both non-nutritive and natural sweeteners in foods and beverages while retaining the desired taste."
About Senomyx, Inc.
Senomyx is a leading company using proprietary taste receptor technologies to discover and develop novel flavor ingredients in the savory, sweet, salt, bitter, and cooling areas. Senomyx has entered into product discovery and development collaborations with seven of the world's leading food, beverage, and ingredient supply companies: Ajinomoto Co., Inc., Cadbury Schweppes, Campbell Soup Company, The Coca-Cola Company, Firmenich SA, Nestle SA, and Solae. Nestle is currently marketing products that contain one of Senomyx's flavor ingredients.