SENOMYX ANNOUNCES FIRST COMMERCIALIZATION OF SWEETMYX® S617
SAN DIEGO, Aug. 28, 2015 /PRNewswire/ -- Senomyx, Inc. (NASDAQ: SNMX), a leading company using proprietary taste science technologies to discover, develop, and commercialize novel flavor ingredients for the food, beverage, and ingredient supply industries, today announced the first commercialization of Sweetmyx S617 was achieved.
"In August, Senomyx earned a commercial milestone from PepsiCo for the first sale of a concentrate using Sweetmyx S617. Reformulated concentrates will be used in Manzanita Sol® nationally and Mug Root Beer® in two United States test markets," stated John Poyhonen, President and Chief Executive Officer of Senomyx. "We are looking forward to receiving feedback on the market acceptance of these lower-calorie offerings," Poyhonen concluded.
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.
Manzanita Sol® and Mug Root Beer® are registered trademarks of PepsiCo, Inc.
About Senomyx, Inc. (www.senomyx.com)
Senomyx discovers novel flavor ingredients that allow food and beverage companies to create better-for-you products. Under its direct sales program, Senomyx sells its Complimyx® brand flavor ingredients, Sweetmyx, Savorymyx®, and Bittermyx®, to flavor companies for use in a wide variety of foods and beverages. In addition, Senomyx has partnerships with leading global food, beverage, and ingredient supply companies, some of which are currently marketing products that contain Senomyx's flavor ingredients. For more information, please visit www.senomyx.com.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding our projected financial results and anticipated financial condition in 2015 and the anticipated timing and scope of commercial launch of products containing Senomyx's flavor ingredients, whether by our collaborators or through our direct sales program. Risks that contribute to the uncertain nature of the forward-looking statements include: large companies, such as PepsiCo and Firmenich, are typically conservative when implementing changes to their products, and may not expand their use of Senomyx flavor ingredients when expected or at all; commercial launches of new or reformulated food, beverage and ingredient products incorporating Senomyx's flavor ingredients may not occur when expected or at all; the commercial utility for a novel flavor ingredient that we develop may ultimately be more limited than we expected; and the cost to manufacture and/or formulate any of our flavor ingredients into packaged food and beverage products may be higher than anticipated, which could discourage market entry and acceptance. These and other risks and uncertainties are described more fully in Senomyx's most recently filed SEC documents, including its most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, under the headings "Risks Related to Our Business" and "Risks Related to Our Industry." All forward-looking statements contained in this press release speak only as of the date on which they were made. Senomyx undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Investor Relations Contact:
Tony Rogers
Senior Vice President &
Chief Financial Officer
Senomyx, Inc.
858-646-8304
[email protected]
SOURCE Senomyx
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