Continue reading below for the latest news and updates from Senomyx SNMX partners Pepsico and Nestle related to the research, development, and commercialization agreements in place for sweet and savory flavor ingredients for food and beverage products.
Unlike the rumors surrounding the role of Senomyx SNMX flavor ingredients in the launch of the Pepsi Next reduced-calorie cola a couple years ago, the comments made on the recent Pepsico $PEP earnings call could actually be referring to the SNMX partnership and the newly announced sucrose and high fructose corn syrup (HFCS) enhancer designated S617. Here is what Pepsi said (transcript excerpt courtesy SeekingAlpha):
"Meanwhile, we also have seen some interesting results come out from our technology investments. And our hope is that by this time next year, we should start seeing the benefit of a lot of the technology bets we placed, whether it's natural sweeteners, enhancers, whatever that will allow us to go in and create real differentiation in our product portfolio, especially in carbonated soft drinks so that we can actually offer to the consumers in the 2014 and beyond a product portfolio that consumers love. They love bubbles, they love the caffeine, they love cola taste, but addresses any value that might exist in the areas of sugar in the portfolio or artificial sweeteners. So we are optimistic about the results of R&D investment and we are hopeful that towards the end of 2013, early 2014 and beyond, we can actually launch differentiated innovation in some of our core categories."
"Meanwhile, we also have seen some interesting results come out from our technology investments. And our hope is that by this time next year, we should start seeing the benefit of a lot of the technology bets we placed, whether it's natural sweeteners, enhancers, whatever that will allow us to go in and create real differentiation in our product portfolio, especially in carbonated soft drinks so that we can actually offer to the consumers in the 2014 and beyond a product portfolio that consumers love. They love bubbles, they love the caffeine, they love cola taste, but addresses any value that might exist in the areas of sugar in the portfolio or artificial sweeteners. So we are optimistic about the results of R&D investment and we are hopeful that towards the end of 2013, early 2014 and beyond, we can actually launch differentiated innovation in some of our core categories."
Nestle also recently held their earnings conference call. Nestle is a partner for SNMX savory flavor ingredients (MSG enhancers) in various geographies. The companies recently achieved EU approval for these compounds after a lengthy (unrelated to SNMX) bureaucratic delay. Nestle made the following general comment about the Maggi brand, one that has been disclosed to include the SNMX ingredients (except courtesy of SeekingAlpha):
"Prepared Dishes & Cooking Aids is growing slightly, having had a small increase in pricing in the third quarter. The ambient business, generally Maggi, has continued to grow double digit in AOA, and I've already touched on some of the key markets. This is despite a sharp slowdown in the big Central/West Africa region, which was lapping the period in 2011 where it had strong growth following the war in Côte d'Ivoire. The European market is tough, though interesting is the continued success of introduction of the Maggi brand in the U.K., as part of our international rollout of the Juicy Roasting concept."
"Prepared Dishes & Cooking Aids is growing slightly, having had a small increase in pricing in the third quarter. The ambient business, generally Maggi, has continued to grow double digit in AOA, and I've already touched on some of the key markets. This is despite a sharp slowdown in the big Central/West Africa region, which was lapping the period in 2011 where it had strong growth following the war in Côte d'Ivoire. The European market is tough, though interesting is the continued success of introduction of the Maggi brand in the U.K., as part of our international rollout of the Juicy Roasting concept."
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