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Senomyx To Offer $20 Million Of Common Shares

February 12, 2010 (FinancialWire) — Senomyx, Inc. (NASDAQ: SNMX) said it is offering to sell $20 million worth of shares of its common stock. Deutsche Bank Securities (NYSE: DB) is acting as sole book-running manager.

The company plans to grant to the underwriters of the offering an option to purchase additional shares of common stock to cover over-allotments, if any. All of the shares of common stock in the offering are to be sold by Senomyx. for the offering.

California-based Senomyx uses proprietary taste receptor technologies to discover and develop flavor ingredients in the savory, sweet, salt, bitter, and cooling areas.

The company has product discovery and development collaborations with global food, beverage, and ingredient supply companies.

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