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Senomyx, PepsiCo extend collaboration

Senomyx Inc. (Nasdaq: SNMX), a San Diego company that uses proprietary taste science technologies to discover, develop and commercialize novel flavor ingredients for the food, beverage and flavor industries, announced that PepsiCo Inc. (NYSE: PEP) has exercised its option to extend the companies' collaborative agreement related to Senomyx's sweet-taste technology for an additional two years, through August 2016.

PepsiCo will continue to have exclusive worldwide rights to the Senomyx sweet flavor ingredients developed under the collaboration for use in non-alcoholic beverage categories.

Under the agreement, Senomyx will be entitled to committed research funding payments over the additional two-year period. Senomyx also will remain eligible for milestone payments based upon the achievement of predetermined goals, as well as royalty payments.

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Senomyx Inc.

Company Website

4767 Nexus Centre Drive
San Diego, CA 92121

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
SNMX
5.46
  0.06  
+ 1.11%
210,108,000
8.22
4.16

Insider Trade Data

Date Insider Shares Type Value
10/01/2014 Short, Jay Milton 7,500 Sell $61,200
10/01/2014 Short, Jay Milton 7,500 Exchange $11,850
09/11/2014 Wicker, Sharon 30,479 Exchange $82,525
09/11/2014 Wicker, Sharon 40,525 Sell $369,467
09/11/2014 Wicker, Sharon 40,525 Sell $369,467

Senomyx Inc. Executive(s):

Kent Snyder

  • Chairman, Chief Executive Officer

John Poyhonen

  • Chief Operating Officer, President

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NAICS - 541711 - Research and Development in Biotechnology