Navigation Links
Martek Announces Fourth Quarter and FY 2007 Financial Results
Date:12/12/2007

s in the securities class action litigation filed in the United

States District Court for the District of Maryland alleging, among

other things, violations of Section 10(b) and 20(a) of the Securities

Exchange Act of 1934. The settlement will result in the dismissal of

the claims against Martek and all other defendants, subject to final

court approval. The proposed settlement of the class action will

include a cash payment to the settlement fund of $6 million, all of

which will be paid by the Company's insurer. The parties anticipate

filing in the near future a motion in the federal court asking for

approval of the proposed settlement, which is required before the

settlement becomes effective and final. No assurances can be given that

the settlement ultimately will be approved by the court.

-- Developments in Patent Infringement Litigation -- There have been

several recent developments in Martek's patent infringement suits in

the U.S. and Germany, a summary of which follow:

-- Martek Wins German DHA Patent Infringement Actions -- In October

2007, Martek received a favorable judgment in its patent

infringement suit against (i) Lonza Ltd., (ii) Celanese Ventures

GmbH and (iii) Nutrinova Nutrition Specialties & Food Ingredients

GmbH. In a separate suit against Lichtwer Pharma GmbH, one of

Nutrinova's customers, a similar judgment was announced. The first

suit involves Lonza's German sale and use of a fatty acid product

currently marketed under the brand name Lonza DHA for use in

functional foods and dietary supplements. The second suit involves

Lichtwer's German sale and use of a DHA-containing oil in a

supplement marketed under the brand name AMEU(R) Alge. The decisions

may be appealed by Lonza and Lichtwe
'/>"/>

SOURCE Martek Biosciences Corporation
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related biology technology :

1. Martek to Announce Third Quarter 2007 Results on September 5, 2007
2. Martek to Present at Upcoming UBS Conference
3. Martek Signs Multi-Year Worldwide Sole Source Supply Agreement with Abbott
4. Martek Announces Settlement of OmegaTech Milestone Litigation
5. Martek to Obtain Permanent Injunction Against Lonza in U.S. Patent Infringement Suit; Jury Verdict on Infringement of Two of Three Patents Upheld by Judge
6. European Patent Office Upholds Martek European DHA Food Patent; Scope of Original Claims Narrowed
7. Martek to Present at Upcoming ThinkEquity Partners Conference
8. Dendreon Announces Publication of Phase 1 Study Highlighting Immunologic and Clinical Activity of Lapuleucel-T (Neuvenge(R)) in Advanced Breast Cancer Patients
9. YM BIOSCIENCES ANNOUNCES COMPLIANCE WITH AIM RULE 26
10. Emisphere Technologies, Inc. Announces Pricing of Registered Direct Offering
11. BioLife Solutions Announces Exclusive CryoStor(TM) Supply Agreement With the New England Cryogenic Center, Inc.

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/27/2009)...-FirstCall/ -- Stallergenes has been,granted Europ...nd children,through a Mutual Recognition Procedure...been marketed, was the reference Member state. ,...elgium, Bulgaria, Cyprus, the,Czech Republic, Esto...aly,Latvia, Lithuania, Luxembourg, Malta, the Net...
(Date:11/26/2009)...of ultrasmall transistors and more powerful comput...ng nanowires are closer to reality after a key dis...d the University of California at Los Angeles. , ...res with layers of different materials that are sh...ical requirement for making efficient transistors ...
(Date:11/25/2009)... -- Biotech firm Replikins Ltd., which has analyze...mic through the prediction, outbreak, and progress...test biochemical analysis of the virus. The new da...u") virus has dropped from its peak of 3.7 (s.d. 4...ing of 2009 to resting non-epidemic levels this we...
(Date:11/25/2009)...ON, Fla., Nov. 25 For many busines...LogicMD. The nation,s largest and fastest growing...vely in medically supervised bioidentical hormone...etwork since November 2008 - from 21 to 36 phys...-owned centers, including one in Puerto Rico, by t...
Breaking Biology Technology:STALLERGENES is Granted a Marketing Authorization for Oralair(R) in Europe 2STALLERGENES is Granted a Marketing Authorization for Oralair(R) in Europe 3Nanowires key to future transistors, electronics 2Nanowires key to future transistors, electronics 3Biological H1N1 Vaccines: Too Little, Too Late 2Biological H1N1 Vaccines: Too Little, Too Late 3Biological H1N1 Vaccines: Too Little, Too Late 4Biological H1N1 Vaccines: Too Little, Too Late 5Nation's Largest Network of Doctors Specializing in Bioidentical Hormones Grows at an Exponential Rate 2Nation's Largest Network of Doctors Specializing in Bioidentical Hormones Grows at an Exponential Rate 3Nation's Largest Network of Doctors Specializing in Bioidentical Hormones Grows at an Exponential Rate 4
... Pharmaceuticals,Inc. (Nasdaq: ISIS ) announces ...s exercise of its option to purchase Ibis Bioscien...uisition price will be, $215 million...:30 a.m. ET / 5:30 a.m. PT, Where: http://w...net. Simply log onto our Web site listed, ...
...ine with Jatropha World Asia 2009, scheduled 16-17...eries of interviews with top Jatropha decision mak... question and answer session was held with Pradip ...r of D1-Williamson Magor Biofuel Limited. Offered ... startling insights into the direction of Jatropha...
...gration Made Simple , (PR...f Bluetooth into the medical device industry is ...tlessly examine not only the wireless interface be...ephone modem, but also the interface between the d.... The advanced capabilities of today,s protocol an...
Other Biology Technology:Webcast Alert: Isis Pharmaceuticals Announces That Abbott Exercised Its Option to Acquire Ibis Biosciences 2Jatropha World 2009 Advance Access: Surprisingly Candid Interview Series Examines Biofuel Predictions Compared to Fossil Fuels 2Jatropha World 2009 Advance Access: Surprisingly Candid Interview Series Examines Biofuel Predictions Compared to Fossil Fuels 3Jatropha World 2009 Advance Access: Surprisingly Candid Interview Series Examines Biofuel Predictions Compared to Fossil Fuels 4Newly Available To Medical Device Manufacturers - Bluetooth Testing Equipment 2Newly Available To Medical Device Manufacturers - Bluetooth Testing Equipment 3
(Date:11/24/2009)... Spanish . , The presence of increased body ...ubstances in the blood, hinders the loss and maint...ect of the University of Navarra conducted by Estb... Pharmacy. , The project, entitled "A nutrigenet...ol of body weight and inflammation," examines how ...
(Date:11/23/2009)... The time of day matters to forest trees dealing w...a research team led by Professor Malcolm Campbell,...l for research and colleagues in the department of.... , Capitalizing on their previous work to dec...am examined how poplar trees use their 45,000 gene...
(Date:11/23/2009)... provides "incontrovertible evidence" that the vol...tra about 73,000 years ago deforested much of cent...searchers report. , The volcano ejected an estim...re, leaving a crater (now the world,s largest volc...meters wide. Ash from the event has been found in ...
Breaking Biology News(10 mins):It can be predicted the reaction obese patients will have to a diet 2Time of day matters to thirsty trees, U of T researcher discovers 2Supervolcano eruption -- in Sumatra -- deforested India 73,000 years ago 2DNA coated nanotubes help kill tumors without harm to surrounding tissue 54889 1DNA coated nanotubes help kill tumors without harm to surrounding tissue 54889 2Pitt scientists find intrinsic changes in protein shape influence drug binding 54886 1Pitt scientists find intrinsic changes in protein shape influence drug binding 54886 2American Society for Microbiology honors Anton Y Peleg 9618 1American Society for Microbiology honors Anton Y Peleg 9618 2American Society for Microbiology honors Anton Y Peleg 9618 3American Society for Microbiology honors Anton Y Peleg 9618 4
...me is that the aorta may split and be torn apart. ...agnosed and treated in good time. In the current e...(Dtsch Arztebl Int 2008; 105[27]: 483-91), the hum...niversity Medical School and his coauthors present...//www.aerzteblatt.de/v4/archiv/pdf.asp?id=60813 ,...
... in individuals of Asian descent increases the ris...s a comprehensive study in the August Journal of ...ied both copies of this rare variant for apolipopr...eride levels in their blood. , Apolipoprotein A-...hat likely plays an important role in metabolizing...
... allergies, both the problem and the solution are ...reign substances with an arsenal of cells. Some ar...tered in the past. Normally, anything previously i...s, however, the immune response goes awry, trigger...at NYU School of Medicine have zeroed in on a clas...
Other Biology News:Genetic variant increases triglyceride levels in Asian-Americans 2Asthma and other allergies tied to absence of specialized cells 2Asthma and other allergies tied to absence of specialized cells 3
... bespoke, cost-effective solutions for complex pro...l use our extensive expertise and experience to he... uniquely, you may: , , do additional wor...fer all methodology to your own lab , transfe...
...lubility Service, We deliversoluble protein or No...st soluble protein results , 24 solubility optimiz... Powerful results on your most insoluble clones ,...SOS) uses proprietary tools and know-how recently ...
...l at its Best: DASGIPs Process Control integrates ... Changes & comprehensive documentation for cultiva... pH, dissolved oxygen, temperature and agitation s...s, e.g. constant or scheduled media flow, are cha...
...ng is a commonly used technique for studying prote...amples are electrophoresed on SDS-PAGE and transfe..., where they are probed with specific antibodies. ...w reuse of Southern and Northern blots, it has bee...
Biology Products: