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PepsoCo-Senomyx deal

This article was originally published in Foodnews

PEPSICO and flavour ingredient company Senomyx, Inc have signed an agreement and entered into an exclusive 60-day negotiation period regarding the completion of a definitive agreement for a new collaboration. The agreement includes key commercial and financial terms for a potential multi-year collaborative research programme focused on new artificial sweet enhancers, natural sweet enhancers, and natural high potency sweeteners for the non-alcoholic beverage category. Under the letter of agreement with PepsiCo, Senomyx will receive an upfront payment of USD7.5 million which is non-refundable, but will be applied to any future upfront licence fee agreed between the two companies.



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