EWING, N.J.--(BUSINESS WIRE)--Redpoint Bio Corporation (OTCBB: RPBC), a company developing ingredients to improve the taste of pharmaceutical, food and beverage products, today announced the issuance of Patent No. 7,341,842, by the U.S. Patent and Trademark Office, covering the use of assay technology used for the purpose of identifying modulators of the TRPM5 ion channel (formerly known as the TRP8 ion channel). The TRPM5 ion channel is highly expressed in taste receptor cells and is associated with the perception of bitter, sweet and savory (umami) tastes. Positive and negative modulators of the TRPM5 ion channel could be used as flavor enhancers in foods and beverages or as blockers of the bitter tastes of many pharmaceuticals.