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

ect sales strategy, rather than relying solely on licensing collaborations for commercialization, Senomyx also will sell certain of its pure, also commonly referred to as 'neat', ingredients to flavor companies that can add value to the offerings by incorporating them into proprietary flavor systems for their customers.  The direct sales strategy complements Senomyx's existing collaborations, which are based on exclusive or co-exclusive commercialization licenses with partners that pay royalties to the Company.

The Company's first product will be its S9632 sucrose modifier, which is expected to launch in late-2013 or early-2014.  Senomyx has been demonstrating S9632 to flavor companies for end-use in non-alcoholic beverages and powdered beverages.  In addition, after a period of exclusivity for Firmenich, Senomyx can begin selling other ingredients with sweet flavor modifying properties for use in food product categories.  The new supply agreement with Firmenich provides the Company with a commercial manufacturer for S9632 and ingredients from the Sweet Taste Program that may be sold by Senomyx in the future.  The Company may also decide to directly commercialize its S6821 bitter blocker and several of its savory flavor ingredients to expand the product portfolio.

Sweet Taste Program:  Senomyx has three sweet flavor modifiers that have received regulatory approvals and are available for commercialization under license agreements with Firmenich.

S6973 can be used to restore the desired taste profile of foods and selected beverages in which sucrose has been reduced.  Products applicable for S6973 usage include virtually all food categories and selected beverages such as dairy beverages and ready-to-drink coffee and tea.  Our partner is conducting commercialization activities with S6973 in the Americas, Southeast Asia, Africa, and Australia.  Market launches of retail products that incorporate S6973 have
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