SENOMYX ANNOUNCES TWO-YEAR EXTENSION OF SWEET PROGRAM COLLABORATION WITH PEPSICO

   SENOMYX ANNOUNCES TWO-YEAR EXTENSION OF SWEET PROGRAM COLLABORATION WITH
                                   PEPSICO

PR Newswire

SAN DIEGO, May 19, 2014

SAN DIEGO, May 19, 2014 /PRNewswire/ -- Senomyx, Inc. (NASDAQ: SNMX), a
leading company using proprietary taste science technologies to discover,
develop and commercialize novel flavor ingredients for the food, beverage and
flavor industries, announced today that PepsiCo, Inc. 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.

"Senomyx's Sweet Taste Program has realized significant accomplishments during
the past four years. We look forward to continuing to work with our valued
partner PepsiCo on this successful program," said John Poyhonen, President and
Chief Executive Officer of Senomyx.

About Senomyx, Inc. (www.senomyx.com)
Senomyx is using proprietary taste science technologies to discover, develop,
and commercialize novel flavor ingredients. These include modifiers of Sweet
and Salt flavors as well as Savory Flavors, Bitter Blockers, and Cooling
Agents. The Company is also engaged in an effort to discover and develop
natural high-potency sweeteners. Under its direct sales program, Senomyx is
beginning to sell certain of its Complimyx^®  brand flavor ingredients,
Sweetmyx™, Savorymyx™, and Bittermyx™, to flavor companies for re-sale to
their food and beverage company customers. In addition, Senomyx has
collaborative agreements with global food, beverage, and ingredient supply
companies, some of which are currently marketing products that contain
Senomyx's flavor ingredients. Senomyx's corporate socially responsible
activities are described on the Senomyx Cares blog at
http://www.senomyx-csrblog.com/. For more information, please visit
www.senomyx.com.

Forward Looking Statement
Statements in this press release that are "forward-looking statements" are
based on currently available information, operating plans and projections
about future events and trends. They inherently involve risks and
uncertainties that could cause actual results to differ materially from those
predicted in such forward-looking statements. Such forward looking statements
include, but are not limited to, statements regarding the two-year extension
of the collaboration agreement between Senomyx and PepsiCo, whether the
research under the collaboration will be successful and lead to the
development or commercialization of any new flavor ingredients, and whether
Senomyx will receive any milestones or royalties under the collaborative
agreement. Risks associated with those forward-looking statements include the
fact that both Senomyx and PepsiCo have the right to terminate the
collaboration agreement under certain circumstances, the unpredictable nature
of the research and development process generally, whether Senomyx will be
successful in the discovery and development of new flavor ingredients with an
acceptable performance and safety profile for desired uses in the field of
non-alcoholic beverages, and the timing and scope of PepsiCo's
commercialization of any flavor ingredients developed under the collaboration
agreement. For additional information on these and other factors that could
cause actual results to materially differ from those set forth herein, please
see Senomyx's most recent SEC filings, including the risks described in its
most recent annual report on Form 10-K and quarterly report on Form 10-Q.
Investors are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they are made.
Senomyx does not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Contact:
Gwen Rosenberg
Vice President, Investor Relations & Corporate Communications
(858) 646-8369
gwen.rosenberg@senomyx.com

SOURCE Senomyx

Website: http://www.senomyx.com
 
Press spacebar to pause and continue. Press esc to stop.