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Senomyx, Firmenich Extend Collaboration
Posted: November 8, 2010
Senomyx, Inc. (San Diego) announced its research, development, commercialization and license agreement with Firmenich SA (Geneva) regarding novel flavor ingredients intended to provide a cooling taste effect has been extended its research period for two more years. The companies initiated the collaboration in December 2007, and under the agreement, Senomyx is using proprietary technologies to develop cooling agent flavors that may be used by Firmenich on an exclusive basis. Under the terms of the extension, Firmenich will pay Senomyx incremental research fees, and Senomyx is also eligible to receive specified payments upon the achievement of milestones. It also will be entitled to royalties based on products that incorporate novel flavors developed under the collaboration.