Kraft Foods (NYSE:KFT) New Venture

Kraft Foods (NYSE:KFT) has entered into a new collaboration with Senomyx, Inc. Kraft Foods (NYSE:KFT) New Venture Cadbury Adams USA LLC, a unit of Kraft Foods (NYSE:KFT) has agreed to co-operate with Senomyx, a developer of products for the flavorings market, regarding the development and worldwide commercialization of certain novel flavor modulators for potential use in the gum and medicated confectionery product categories. Kent Snyder, Chief Executive Officer of Senomyx said, "Senomyx had a relationship with Cadbury Adams prior to its acquisition by Kraft Foods (NYSE:KFT), and we are pleased to initiate this new collaboration. We look forward to working with them again." Kraft Foods Inc. (NYSE:KFT) stocks were at 31.67 at the end of the last day’s trading. There’s been a 2.4% change in the stock price over the past 3 months. If you’re contemplating investing in Kraft Foods Inc. (NYSE:KFT) stocks, make sure you take a look at this analyst advice, from a broad range of industry specialists: Kraft Foods Inc. (NYSE:KFT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.72 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.69 Zack’s Rank: 3 out of 29 in the industry We will be monitoring the Kraft Foods Inc. (NYSE:KFT) stock level for developments over the next few weeks.
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