SAN DIEGO--(BUSINESS WIRE)--Feb. 4, 2010--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 provided a corporate update and reported financial results for the fourth quarter and year ended December 31, 2009. Revenues were $4.9 million for the fourth quarter of 2009, compared to $3.5 million for the fourth quarter of 2008, an increase of 39%. As of December 31, 2009, the Company had cash, cash equivalents, and short term investments of more than $31 million. In the first quarter of 2010, Senomyx will receive an $8 million payment from Firmenich SA, the world's largest privately-owned fragrance and flavor company, in conjunction with Firmenich’s decision to commercialize Senomyx’s S6973 Sucrose Enhancer. Senomyx will also receive additional payments from Firmenich for the achievement of milestones, as well as specified expense reimbursements. S6973 has demonstrated the ability to reduce up to 50% of the sucrose (table sugar) in numerous products while maintaining the taste of natural sugar.
