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Senomyx and Firmenich Expand Agreement
Posted: October 25, 2010
Senomyx, Inc. (San Diego) announced its collaborative agreement with Firmenich (Geneva) regarding the research, development and commercialization of sweet enhancers has been expanded to include commercial development of S6973, Senomyx's enhancer of sucrose, for specific beverage applications. The amended agreement provides Firmenich with an exclusive worldwide license for commercialization of S6973 for use its in instant and ready-to-drink milk, tea and coffee beverages, and also converts Firmenich's license for use of S6973 in powdered beverages from co-exclusive to exclusive. In return, Senomyx will receive an additional license fee, incremental milestone payments and minimum annual royalties, as well as royalties on sales of S6973 for use in the additional product categories.