Senomyx strikes collaborative agreement with PepsiCo
Senomyx has announced that it has entered into a new collaborative agreement with PepsiCo related to…Senomyx has announced that it has entered into a new collaborative agreement with PepsiCo related to Senomyx’s Salt Taste Program. The new collaboration will, said the company, support Senomyx’s continued work to identify flavours with modifying properties intended to restore the desired salty taste in products with reduced salt (sodium chloride).
Under the new agreement, PepsiCo will provide research funding for the Salt Taste Program for 2014 and has options to extend the research funding period. PepsiCo will have non-exclusive rights to salt flavour modifiers discovered during the research funding period. In addition, Senomyx will have the right to supply these flavour ingredients directly to PepsiCo. Financial terms of the agreement have not been disclosed.
“We are pleased to establish this new type of research agreement, which provides research funding to Senomyx while retaining our ability to add potential new flavour offerings to our direct sales portfolio,” said John Poyhonen, president and chief executive officer of Senomyx.