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SENOMYX ANNOUNCES CORPORATE UPDATE AND FIRST QUARTER FINANCIAL RESULTS
Date:4/25/2013

ich continues sales to food and beverage companies," said John Poyhonen, President and Chief Operating Officer of the Company.  "This will allow us to build our direct sales product portfolio progressively with new sweet flavor modifiers."

Concurrent with the amendment, Senomyx and Firmenich entered into a supply agreement under which Firmenich has agreed to supply Senomyx with commercial quantities of certain ingredients from the Sweet Taste Program. "Firmenich is a world-class flavor ingredient manufacturer that already has experience with Senomyx's modifiers," Poyhonen noted.  "We believe this arrangement will streamline the launch of our direct sales strategy without Senomyx having to incur the cost of sourcing and establishing manufacturing capabilities at this time.  We expect that Firmenich will manufacture commercial quantities of our S9632 sucrose modifier by the end of 2013.  We currently anticipate Senomyx's first direct sale of S9632 in late-2013 or early-2014."

"We continue to make significant advancements in our Sweet Taste Program," Snyder said.  "We have used Senomyx's proprietary technologies to discover and develop multiple sucrose modifiers, each of which has distinct characteristics that enable the modifier to restore the desired sweet taste in a variety of sugar-reduced products.  Our technology also led to S617, a modifier of both sucrose and high fructose corn syrup (HFCS) that is currently in the development phase.  Most recently, we have identified a number of additional promising fructose modifiers that demonstrated the ability to restore the taste of product prototypes with reduced HFCS.  We believe that having a portfolio of modifiers for HFCS, a widely used sweetener, will expand the product applications that we can address and increase the value of our sweet modifier offerings."

Commercialization Updates:Senomyx Direct Sales Initiative:  Under the Company's new dir
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