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Senomyx's CEO Discusses Q2 2012 Results - Earnings Call Transcript

S617 is therefore a welcome addition to Senomyx’s family of sweet taste modifiers which includes four flavor ingredients’ at different stages of the development or the commercialization processes. We thought it would be useful to clarify for each of the sweet modifiers, a status, target product categories, incremental potential uses and why it is complementary to the other.

Starting with S2383, this remodifier is used to reduce the high intensity sweetness sucralose up to 75% in all food and beverage product categories. Commercialization of S2383 began in 2011 and is ongoing, with products that contain S2383 being marketed in North America and Latin America.

Next, S6973 our sweet modifier allowing up to a 50% reduction of sucrose, is for use in virtually all food product categories as well as certain beverages, such as ready-to-drink and powdered forms of tea’s coffee and milk products. The first commercial launch of products containing S6973 occurred in late 2011 and John will discuss current commercialization later in the call.

S9632 is our second sucrose modifier that provides for up to a 50% reduction of sugar. We expect it will be useful for essentially all products for which S6973 can be used plus the additional beverage product categories of powdered and concentrated form of food flavored beverages and of certain alcoholic beverages. We are moving towards the conclusion of development activities for S9632. During the second quarter, safety studies with S9632 were completed successfully and our goal is to receive Generally Recognized As Safe or GRAS regulatory approval in the US by the end of this year.

As we announced in our press release earlier today, Senomyx has reacquired from PepsiCo the rights for S9632 related to its use in non-alcoholic beverages. The reacquisition prides us with a new opportunity to maximize the commercial potential of S9632 which John will discuss in more detail later in the call. We appreciate that PepsiCo has consented to the amendment to our collaborative agreement. Other than provisions regarding S9632, no changes have been made to the agreement.

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