Senomyx, Inc. Announces Second Quarter 2008 Financial Results

SAN DIEGO, Calif.--(BUSINESS WIRE)--Senomyx, Inc. (NASDAQ: SNMX), a company focused on using proprietary taste receptor-based technologies to discover novel flavor ingredients for the food, beverage, and ingredient supply industries, today reported financial results for the second quarter ended June 30, 2008. Revenues were $9.6 million for the six months ended June 30, 2008, compared to $6.8 million for the six months ended June 30, 2007, an increase of 42%. The increase was primarily due to the expansion of Senomyx’s collaboration with Ajinomoto in 2007. As of June 30, 2008, the Company had cash, cash equivalents, and short term investments of approximately $48.4 million.

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