This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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

Stock quotes in this article: SNMX

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.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs