San Diego, CA - October 28, 2008 - Senomyx, Inc., a leading company focused on using proprietary technologies to discover and develop novel flavor ingredients for the food, beverage and ingredient supply industries, announced today that it has received a payment from The Coca-Cola Company related to a milestone achieved by Senomyx under the companies' collaborative research, development, commercialization and license agreement.
The milestone was associated with Senomyx's discovery of a promising new flavor ingredient.
"Senomyx has accomplished an important milestone under our collaboration with The Coca-Cola Company, the world's largest beverage company," noted Kent Snyder, President and Chief Executive Officer of the Company. "This is an exciting time for Senomyx as we continue development activities with a new flavor ingredient that can be used to reduce the amount of sugar in beverages and foods while retaining the desired taste."