Redpoint Bio Sees FEMA GRAS Approval for Sweetness Enhancer

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Redpoint Bio Corporation (Ewing, New Jersey) achieved a $500,000 milestone resulting from FEMA GRAS approval of RP44, an all-natural sweetness enhancer Redpoint licensed to International Flavors & Fragrances Inc. (IFF) in June 2010. The milestone was achieved upon IFF's notification by FEMA that the all-natural sweetness enhancer had been determined to be GRAS under the provisions of the Federal Food, Drug and Cosmetic Act, administered by the United States Food and Drug Administration (FDA). Pursuant to the terms of the license agreement, Redpoint would be due an additional $500,000 milestone if IFF enters into a supply agreement subject to certain commercial criteria.