Saturday, April 2, 2011

Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Puget Sound Business Journal (Seattle):

http://www.patiofurnitures.ca/user_detail.php?u=alelvinnervet
That was word from the Columbia company Tuesday inregulatoru filings. The patent office in the Hague, Netherlands upheld a patentt that was granted to the biotech firm in 2007 but was challengede by food manufacturersand Ltd. The patentg office said Martek’s patent applies to Martek’s nutritional oil in infan formula, but is not covered when it is blended with certaihn fish oils used ininfant formula. Martejk (NASDAQ: MATK) expects the appeal will take one to two year s and said it does not believe the ruling will impacgtits revenue. Derived from algae, the company’s nutritionak oils are also used in dietary supplements andfood products, such as yoguryt and juice.
The company has been aggressively expanding its infanyt formula business overseas as it has nearly saturatedthe U.S. Martek warned in its last earnings statement that its infanrt formula sales in the third and fourth quarterxs could drop as retailers trim their inventoriezs ofthe product. The company anticipatesx demand will pick up infiscal 2010.

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