On the Street -- Senomyx and Firmenich Collaborating
August 3/San Diego, Cal., and Geneva, Switzerland/PRNewswire-FirstCall -- Senomyx Inc. and Firmenich SA announced they have entered into a collaborative research, development, commercialization and license agreement for Senomyx's novel flavor ingredients intended to enhance the taste of sucrose (table sugar), fructose and Rebaudioside (stevia).
During the collaborative period, Firmenich will have exclusive rights to commercialize selected Senomyx Sweet Enhancers worldwide in virtually all food product categories not currently licensed to other companies, and research costs will be shared. In return, Firmenich will pay to Senomyx license fees and royalties on sales of Sweet Enhancers developed under the collaboration. This new agreement does not impact Senomyx's existing collaborations with other companies on its Sweet Enhancer program or its other existing collaborations with Firmenich.