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SENOMYX ANNOUNCES CORPORATE UPDATE AND SECOND QUARTER FINANCIAL RESULTS
Date:8/1/2013

er than relying solely on licensing collaborations for commercialization, Senomyx will also sell certain of its pure, also commonly referred to as 'neat', ingredients to flavor companies that can incorporate them into proprietary flavor systems for their customers.  Senomyx's internal commercial organization will handle sales and marketing, as well as supply chain management of third party manufacturers.  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.

Senomyx's first product will be its S9632 sucrose modifier, which is expected to achieve its first commercial sale in late-2013 or early-2014.  S9632 is being demonstrated to flavor companies for end-use in non-alcoholic beverages and powdered beverages.  In addition, under the terms of the new Firmenich Amendment, after a period of exclusivity for Firmenich, Senomyx can begin selling other ingredients with sweet flavor modifying properties for use in food and selected beverage product categories.  The Company also expects to expand its direct sales product portfolio with ingredients from its other taste programs.  Flavor company evaluations of Senomyx's S6821 bitter blocker and certain of its savory flavor ingredients are ongoing.

Sweet Taste Program:  Senomyx has three ingredients with sweet flavor modifying properties 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.  Senomyx's partner is conducting commercialization activities with S6973 in the Americas, Southea
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