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Senomyx And PepsiCo Negotiating Over Possible Sweetener Research Collaboration

June 24, 2010: 11:23 PM EST
Flavor ingredient maker Senomyx, Inc., said it is negotiating with PepsiCo over a possible multi-year collaborative research program whose purpose would be to develop and market new artificial sweet enhancers, natural sweet enhancers, and natural high potency sweeteners for non-alcoholic beverages. PepsiCo will pay Senomyx an upfront nonrefundable fee of $7.5 million that would be applied toward a licensing charge if the two companies finalize a definitive agreement. The formal negotiation period will be 60 days. "Senomyx shares PepsiCo's commitment to providing consumers with healthier, great-tasting products," the Senomyx CEO said.
Senomyx Inc, "SENOMYX SIGNS LETTER AGREEMENT WITH PEPSICO REGARDING POTENTIAL COLLABORATION RELATED TO THE DISCOVERY, DEVELOPMENT, AND COMMERCIALIZATION OF NEW SWEET FLAVOR INGREDIENTS", Senomyx website, June 24, 2010, © Senomyx Inc
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