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Martek Announces Second Quarter 2009 Financial Results
Date:6/3/2009

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  • Multi-Year Exclusive Food and Beverage Supply Agreement - Martek entered into a multi-year supply agreement with Ragasa, one of Mexico's largest providers of raw and refined oil products and maker of Mexico's leading consumer cooking oil brand, Nutrioli, under which Ragasa has agreed to purchase all of its DHA omega-3 needs from Martek. Ragasa plans to launch a product featuring life'sDHA(TM) in 2009 and will display the life'sDHA(TM) logo on the product packaging and in all related promotional materials.

  • Arrangement for the Production of Influenza Drug Precursor - Consistent with the services provided by Martek in 2006, Martek has been re-engaged to manufacture shikimic acid, the starting material used to produce an anti-viral drug for the treatment of influenza. Sales for such services are expected to approximate $4.5 million, with one-half of this total anticipated to occur in Martek's fourth quarter of fiscal 2009 and the remainder anticipated to occur during the first half of fiscal 2010.

  • New Scientific Data Published on DHA - A summary document for the International Society for the Study of Fatty Acids and Lipids published in Prostaglandins, Leukotrienes and Essential Fatty Acids (February 2009) discussed obtaining adequate DHA intake in light of current western diets. They concluded that with no other changes in diet, improvement of blood DHA status can be achieved with dietary supplements of preformed DHA (such as Martek's life'sDHA(TM)), but not with supplementation of ALA, EPA, or other precursors.

Memory Study Results to be Released

Martek's Memory Improvement With Docosahexaenoic Acid Study (MIDAS) clinical trial studying the effects of life'sDHA(TM) supplemen
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SOURCE Martek Biosciences Corporation
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Related medicine news :

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4. Martek Signs Multi-Year Infant Formula License and Supply Agreement with Alter Farmacia
5. Marteks lifesDHA(TM) Featured in New Beech-Nut(R) DHA Plus Baby Food and Cereals
6. Martek Wins German DHA Patent Infringement Actions Against Lonza and One of Nutrinovas Customers in Suits Relating to DHA Product Marketed for Use in Functional Foods and Dietary Supplements
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11. Summary Notice of Proposed Settlement and Settlement Hearing in Re Martek Biosciences Corp., Securities Litigation
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