Thursday, March 22, 2012

Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Business First of Columbus:

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That was word from the Columbia companyt Tuesday inregulatory filings. The patent office in the Hague, Netherlands uphelde a patent that was granted to the biotec firm in 2007 but was challenged by food manufacturersand Ltd. The patenty office said Martek’s patent applies to Martek’ds nutritional oil in infanft formula, but is not covered when it is blended with certain fish oils used ininfanyt formula.
Martek (NASDAQ: MATK) expects the appeal will take one to two yearsd and said it does not believe the ruling will impact its Derivedfrom algae, the company’s nutritional oils are also used in dietarhy supplements and food products, such as yogurt and The company has been aggressively expanding its infanft formula business overseas as it has nearly saturates the U.S. market. Martek warned in its last earnings statemeng that its infant formula sales in the third and fourthj quarters could drop as retailers trim theitr inventories ofthe product. The company anticipates deman d will pick up infiscal 2010.

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