SENOMYX ANNOUNCES CORPORATE UPDATE AND THIRD QUARTER 2009 FINANCI...(ve soy samples from Solae as well as soy...)

• Salt Enhancer Program: The goal of the Salt Enhancer Program is to identify flavor ingredients that allow a significant reduction of sodium in foods and beverages yet maintain the salty taste desirable to consumers. Senomyx is continuing to evaluate enhancers of sodium chloride (table salt) that have demonstrated activity in proprietary screening assays based on SNMX-29, the protein Senomyx believes is a receptor involved with human salt taste perception. In addition, the Company is using various chemistry and biology approaches to explore the role of SNMX-29 and other proteins that may participate in the perception of salt taste, with the objective of identifying a taste proof-of-concept.
  

• Cool Flavor Program: The goal of the Cool Flavor Program is to identify novel cooling flavors that do not have the limitations of currently available agents. Senomyx has discovered cool flavor enhancers that provided a taste proof-of-concept. Many promising cool flavor enhancers have been identified and the Company is conducting further taste tests to determine which of these will be selected for optimization.
  

Financial Review:

Revenues were $4.2 million for the third quarter of 2009, compared to $4.0 million for the third quarter of 2008. The increase in quarterly revenue was primarily due to the recognition of revenue related to the Company's July 2009 agreement with Firmenich, partially offset by a reduction in milestone revenue. Revenues were $10.6 million for the nine months ended September 30, 2009, compared to $13.7 million for the nine months ended September 30, 2008. The higher nine month revenue in 2008 was primarily due to an $8.0 million upfront payment associated with the expansion of Senomyx's collaboration with Ajinomoto in Au
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