Absent enthusiastic, or even encouraging, adoption of the company's flavor technology products, Senomyx (NASDAQ:SNMX) has languished for quite some time. The company has developed a portfolio of assets for food, beverage, and personal care companies that address sweet, savory, cooling, and bitter blocking, but there have been relatively few solid commercial bites so far.
Now the company is heading into a period where the decisions of key partner PepsiCo (NYSE:PEP) will have a significant impact on the company's future. Should PepsiCo move ahead with commercialization of the sweetness-enhancing compound it has been testing in Mug root beer and Manzanita Sol, upwards of $100 million in 2020 revenue comes into view and the company gets a major boost to its credibility. If PepsiCo backs away, the road in front of Senomyx gets even more challenging but is not the end of the story.
Uncertainty Weighs Heavily On Senomyx Ahead Of Key Pepsi Decisions