By year’s end San Diego’s Senomyx will be part of Firmenich, a privately held Swiss fragrance and flavor company.
Senomyx (NASDAQ: SNMX), a biotech that makes flavor enhancers, launched nearly 20 years ago and went public in 2004 at $6 per share. But since then its stock price has fallen significantly, dropping below $1 per share multiple times in the past two years, which nearly got the listing booted from the Nasdaq exchange.
Through a U.S. subsidiary, Firmenich-which reported about $3.3 billion in sales in 2017-said Thursday it had had agreed to buy Senomyx for $1.50 per share, or… Read more »
UNDERWRITERS AND PARTNERS