LAVAL, QC, June 4 /PRNewswire-FirstCall/ - Neptune Technologies & Bioressources Inc. ("Neptune") (NASDAQ.NEPT - TSX.V.NTB) today announced that it has signed an agreement with Bayer Healthcare, LLC for the commercialization of Neptune proprietary products in the United States.
"The signing of this agreement with a partner of the caliber of Bayer supports Neptune's business and scientific choice to pursue the more demanding and challenging clinical development path of assessing safety and effectiveness of its products. As planned, it has been strategic to invest the time and resources into building a complete portfolio of scientific data, intellectual property and regulatory approvals which ultimately allowed the Company to attract the best partner," stated Dr. Tina Sampalis, Chief Scientific Officer of Neptune.
"Neptune's approach to commercialization consists of rapidly penetrating the market to generate short-term revenue and growth by partnering with the right marketer that can create broad consumer awareness leveraged by our substantial scientific data and that can create large market share for Neptune. Bayer is among the world's largest marketers of healthcare products," she added.
"Through the capabilities, reputation and commitment of its partners favoring growth, Neptune leverages and maximizes value by opening doors for future product and business development opportunties developed by Neptune and its pharmaceutical subsidiaries," stated Mr. Henri Harland, Chief Executive Officer and President of Neptune. "The parallel stepwise approach of exploring other future products and project opportunities directed towards pharmaceutical driven applications is part of the plan," he added.
"Under Neptune's strategic vision, which has been pursued since the beginning of its operations, the Company has anticipated to penetrate world nutraceutical and pharmaceutical markets in collaboration with global international partners. The
|SOURCE NEPTUNE TECHNOLOGIES & BIORESSOURCES INC.|
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