Senomyx, Inc. (SNMX)

[surf1944]

8:34AM Senomyx and Firmenich announce ammendment of their Sweet Taste Program agreement (SNMX) 2.04 : Co and Firmenich announced that the companies have amended and restated their Sweet Taste Program collaboration agreement. The amendment extends the period of research funding from Firmenich for Senomyx's Sweet Taste Program through July 2016. The associated extension payment and incremental committed research and development funding will provide Senomyx with significant funding over the next several years. The amended agreement provides that Firmenich will have exclusive rights to commercialize certain Senomyx sweet flavor ingredients discovered under the collaboration in food and select beverage product categories for a period of time. After this initial period, Senomyx will begin selling the flavor ingredients to other flavor companies while Firmenich continues sales to food and beverage companies. The amendment does not impact Senomyx's other collaborative agreements regarding the use of its flavor ingredients