Biotechnology company Senomyx has announced a two year extension of its collaboration deal with Kraft Foods Global, under which it works on the discovery and development of novel flavor modifiers

Food & Drink Weekly, August 8, 2005

Biotechnology company Senomyx has announced a two year extension of its collaboration deal with Kraft Foods Global, under which it works on the discovery and development of novel flavor modifiers. Under the terms of the extension, Kraft Foods has agreed to pay Senomyx incremental discovery and development funding of over $2.7 million over the two-year extension period.

Upon commercialization, Senomyx will be entitled to royalty payments based on sales of Kraft products containing any flavor enhancers developed under the agreement.