Recent Accomplishments Include:
- Decision by Nestle SA to select a new flavor ingredient for evaluation of commercial potential in the coffee and coffee whitener fields
- Extension of discovery and development program with Ajinomoto Co., Inc.
- Extension of collaborative research and license agreement with Campbell Soup Company
- Initiation of development activities to support regulatory filings for Bitter Blockers S0812 and S6821
SAN DIEGO, CA, May 7, 2009 /PRNewswire-FirstCall/ -- Senomyx, Inc. (Nasdaq: SNMX), a company focused on using proprietary taste receptor-based technologies to discover novel flavor ingredients for the food, beverage, and ingredient supply industries, today reported financial results for the first quarter ended March 31, 2009. As of March 31, 2009, the Company had approximately $33 million in cash, cash equivalents, and investments available-for-sale and no debt.
"Senomyx started 2009 with the extension of our collaborative agreements with Ajinomoto and Campbell, as well as notable progress in our Discovery & Development programs," said Kent Snyder, President and Chief Executive Officer of the Company. "We are gratified that our ongoing scientific advances have led to continued support from our world-class partners.
"Most recently, Nestle, the world's largest food and beverage company and a partner for several of Senomyx's Discovery & Development programs, selected a new flavor ingredient discovered by Senomyx for advancement into the development phase. Selection occurs when a partner determines that a new flavor ingredient has met their requirements for initiation of development activities and evaluation of commercial potential," Snyder stated. "The ingredient selected by Nestle is intended to be used in the
|SOURCE Senomyx, Inc.|
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