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SENOMYX ANNOUNCES CORPORATE UPDATE AND THIRD QUARTER FINANCIAL RESULTS
Date:11/12/2013

er as CEO.  "During the past quarter S807, which will be marketed as Savorymyx UM80, was added to the Senomyx direct sales product portfolio.  This versatile savory flavor has regulatory approvals in the U.S. and virtually everywhere in the world for use in a wide variety of food products.  Senomyx has established a supply agreement with a global contract manufacturer and we anticipate that commercial-scale quantities will be available during the first half of 2014.

"We are pleased with the advances in the direct sales initiative," Poyhonen stated. "Since its inception earlier this year, we have established two contract manufacturing agreements, completed the hiring of our initial commercial organization, finalized supply chain and distribution services, and expanded flavor company evaluations of offerings from our Complimyx brand of taste modulation ingredients.  Interest in the Complimyx ingredients and early feedback from the flavor companies have been very positive," Poyhonen noted.

"Senomyx anticipates that our two new sources of revenue, namely commercialization of S617 and the direct sales initiative, coupled with continuing commercialization of current products by our existing collaborators, will allow the Company to achieve profitability in 2015," said Poyhonen.  "In addition, we anticipate that these three types of commercial sales will generate approximately $10 million in commercial revenues in 2014 and we are currently forecasting that commercial revenues will grow to approximately $25 million in 2015."

Commercialization Updates:Senomyx has created brand names for flavor ingredients that the Company will commercialize under its direct sales initiative.  The umbrella brand for the taste modulation ingredients to be marketed by Senomyx, Complimyx™, was selected to connote the benefits of using these offerings to add value
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