Senomyx extends partnership with Cadbury
July 07, 2008
by Eric Schroeder
SAN DIEGO — Senomyx, Inc. announced it has reached agreement to extend its exclusive collaborative research and license agreement with Cadbury Adams USA L.L.C., a division of Cadbury P.L.C. As part of the one-year extension, Senomyx will use its technology in the discovery and commercialization of new flavor ingredients in the gum confectionery area.
"Senomyx’s collaboration with Cadbury has been ongoing since July 2005, and we are pleased to extend our partnership for an additional year," said Kent Snyder, president, chief executive officer and chairman of Senomyx. "Cadbury is currently the world’s largest confectionery company with gum brands such as Trident, Dentyne, Hollywood and Bubbaloo. We believe their decision to continue our collaboration reflects our excellent working relationship and is an endorsement of Senomyx’s innovative technology and the commercial potential of our programs."