SNMX - Interesting Opportunity
Senomyx, Inc., a biotechnology company, engages in the discovery and development of flavors, flavor enhancers, and taste modulators for the packaged food and beverage industry. It primarily focus on the development of savory, sweet, and salt flavor enhancers, and bitter taste modulators. Senomyx has product, primarily flavors and flavor enhancers, discovery and development collaborations with Campbell Soup Company, The Coca-Cola Company, Kraft Foods Global, Inc., and Nestle SA. The company operates in the United States. Senomyx was founded in 1998 and is headquartered in San Diego, California.
They currently have a presentation available on their website that was given at a Needham conference this morning. It's interesting to me in that they are working to develop flavor enhancers that will allow food producers to produce healthier foods without losing taste. This isn't new. What is new is that they produce the product in a fashion that's very similar to pharmacutical development companies. Obviously, the benefit to their partners is that it allows them to sell a healthier product. They can help producers reduce sugar, salt, calories, etc. in their products without losing taste (or customers).
From a business model perspective, they get development funds from the major companies listed above and then once the product is put into a marketable product, they get ongoing royalties as the product is sold to the market.
Nice bump after today's presentation. We'll see where it goes from here.
AI
