On the Street: Senomyx: Firmenich to Proceed with Sucrose Enhancer
February 10/Senomyx Inc. -- Senomyx Inc. announced that Firmenich SA has made a decision to proceed with commercial development of S6973, Senomyx's enhancer of sucrose (table sugar) that has demonstrated the ability to reduce up to 50% of the sugar in a variety of products while maintaining the taste of natural sugar. In conjunction with the decision, Senomyx will receive an $8 million license fee payment from Firmenich.
"Senomyx is extremely pleased that after a thorough evaluation, Firmenich has decided to select S6973 as the first Senomyx sucrose enhancer to be commercialized," said Kent Snyder, chief executive officer of the company. "S6973 is a unique flavor ingredient that can help manufacturers provide a significant reduction in the sugar content of their products without compromising on taste. Senomyx is looking forward to working with Firmenich as they begin pre-commercial activities."