Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Senomys(SNMX)- A Taste for Success!!! -- Ignore unavailable to you. Want to Upgrade?

To: A.J. Mullen who wrote (158)	6/24/2010 5:43:21 PM
From: A.J. Mullen	Read Replies (1) \| Respond to of 192

I called Gwen Rosenberg at Senomyx IR - Senomyx had an ongoing relationship with Coke, which had been renewed annually for several years. SNMX wanted to change some points at the last renewal in April, so they entered into a 60 day period to renegotiate. The talks didn't lead to an agreement. Instead, SNMX has signed an agreement to talk with Pepsi. There's an upfront payment by Pepsi of $7.5 million which will be refundable only in unlikely circumstances. Ashley