Monday, January 3, 2011
Senomyx Inks Deal With Kraft Foods Unit
San Diego-based Senomyx, a developer of products for the flavorings market, said today that it has inked a deal with Cadbury Adams USA LLC, a unit of Kraft Foods. According to Senomyx, the deal covers development and worldwide commercialization of certain novel flavor modulators, for potential use in gum and medicated confectionery products. Senomyx said that Cadbury Adams will pay the firm development funding and payments upon certain milestones, as well as royalties. Specific financial details of the deal were not disclosed.