The South Korean company Daesang Corp has applied for novel food approval for its DHA-rich algal oil, claiming ‘substantial equivalence’ to an already-approved oil produced by DSM-owned Martek Biosciences.
Ocean Nutrition Canada has applied to have an omega-3 algal oil approved under European Union novel foods regulations – stating it is ‘substantially equivalent’ to an existing approved oil manufactured by Martek-DSM.
DHA (docosahexaenoic acid) is the critical omega-3 fatty acid in the brain and research backs its ability to boost brain function. But can it slow the onset of Alzheimer’s Disease and help protect sportspeople against concussion?
DSM’s head of global marketing in human nutrition and health, Gareth Barker, explains why it has bought a carotenoid supplier (approval permitting), how the Martek acquisition is progressing, and why the company is not finished spending yet.
Greenback Acquisition Corporation, a wholly-owned Royal DSM subsidiary, has begun the formal tender for Martek Biosciences, which DSM announced it was buying for €829m ($1.087bn) last month.
Martek is set to give greater focus to DHA (Docosahexaenoic Acid) products targeted at older adults after a study published this week confirmed the brain health benefits of DHA consumption for that segment of the population.
Ocean Nutrition Canada (ONC) has signed its first co-branding
license agreements that will see its MEG-3 brand fish oil
ingredients appear on supplement and food product labeling, and may
crystallize formulators' choice between...
Martek Biosciences, the US group which specialises in omega-3 oils,
has reported net losses of $3.7 million (€3.8m) for the third
quarter of the current year, but said that its restructuring
efforts were beginning to bear fruit.
Manufacturer of microalgae products Martek Biosciences has reported
revenues of $11.4 million (€12.2m) for the second quarter of 2002,
a three-fold increase since the same period of 2001. The results
were attributed to strong sales...
