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Senomyx Inc. has signed a new agreement with PepsiCo Inc. related to Senomyx's salt taste program, which aims to identify flavors with modifying properties intended to restore the desired salty taste in products with reduced salt (sodium chloride).
Under the new agreement, PepsiCo will provide research funding for the salt taste program for 2014 and has options to extend the research funding period. PepsiCo will have non-exclusive rights to salt flavor modifiers discovered during the research funding period. In addition, Senomyx will have the right to supply these flavor ingredients directly to PepsiCo.
Financial terms of the agreement have not been disclosed.