Senomyx enters into research agreement with PepsiCo, terms not disclosed Senomyx (SNMX) announced that it has entered into a new collaborative agreement with PepsiCo (PEP) related to Senomyx's Salt Taste Program. The new collaboration will support Senomyx's continued work to identify flavors with modifying properties intended to restore the desired salty taste in products with reduced salt. Under the new agreement, PepsiCo will provide research funding for the Salt Taste Program for 2014 and has options to extend the research funding period. PepsiCo will have non-exclusive rights to salt flavor modifiers discovered during the research funding period. In addition, Senomyx will have the right to supply these flavor ingredients directly to PepsiCo. Financial terms of the agreement have not been disclosed.
Senomyx announces first commercialization of Sweetmyx S617 Senomyx announced the first commercialization of Sweetmyx S617 was achieved. Senomyx has two partners on its Sweet Taste Program. PepsiCo has exclusive rights to use new flavor ingredients and natural high intensity sweeteners worldwide in non-alcoholic beverages and Firmenich has rights to commercialize new flavor ingredients for food product categories and alcoholic beverages, with exclusive rights to use Sweetmyx S617 until March 2018.