Senomyx, Inc.(SM) (www.senomyx.com) innovator of bringing the technology surrounding the molecular basis of human taste perception into consumer products, announced yesterday that it will work with Kraft Foods, Inc. to discover new ingredients that improve and enhance taste using proprietary Senomyx technology. Specific terms of the agreement were not disclosed.
“Our state-of-the-art facility in San Diego is designed to allow Senomyx to use cutting edge technology to discover new ingredients to improve the taste and smell of food products,” said Paul Grayson, President and CEO of Senomyx, Inc. “We are very excited about entering into this agreement with Kraft — the largest packaged food company in North America — and we look forward to working with them.”
“At Kraft, innovative products and delighting consumers are our top priorities. We are committed to exploring new sensory technologies that will enable us to continue to provide these benefits,” said John Ruff, Kraft Foods Senior Vice President Research & Development and Quality.
Senomyx, Inc.(SM) is dedicated to becoming the world leader in the discovery and commercialization of products and services relevant to taste and smell in a broad range of potential markets, including consumer foods, fragrances, therapeutic, and industrial applications. Headquartered in La Jolla, California, Senomyx is a leading technology company offering innovative technical solutions. Senomyx has exclusive agreements with Aurora Biosciences Corporation, Harvard University, Johns Hopkins University, Rockefeller University, and the University of California regarding various enabling technologies to enrich the quality of life for consumers.
Kraft Foods, headquartered in Northfield, IL, is the nation’s largest branded food company and the North American food business of Philip Morris Companies, Inc.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including our outlook on the future performance of our core businesses and our growth strategies, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include Kraft’s entry into new commercial businesses, dependence on continued funding of U.S. Department of Defense programs, government contract procurement and termination risks, risks associated with acquiring other companies, including integration risks, and other risks described in Kraft’s Securities and Exchange Commission filings.