CRANBURY, N.J., March 31 /PRNewswire/ -- Linguagen Corp. announced today an agreement with Perrigo Company (Nasdaq: PRGO) of Allegan, MI to identify and develop flavor modifiers to improve the taste of oral over-the-counter pharmaceuticals. Specific terms of the agreement were not disclosed.
Under the agreement, Perrigo will pay Linguagen to conduct research and development in the field of flavor discovery and modification. Based on achievement of specific research milestones, Linguagen and Perrigo may agree to commercialize flavor-modifying compounds in certain Perrigo products.
"We are very pleased to be working with a world-class organization like Perrigo," said Shawn M. Marcell, Linguagen's executive vice president and COO. "Linguagen has developed one of the strongest technology bases in the emerging field of taste signaling and is excited by the opportunity to join with a world leader in OTC pharmaceutical products for commercial applications."
About Linguagen Corp.
Linguagen Corp. is a leading biotechnology company engaged in the discovery, development, and commercialization of proprietary products that improve the taste of oral medicines and enhance the flavor and nutritional value of foods and beverages. Linguagen is at the forefront of knowledge related to taste and flavor modification and applies proprietary technology to create superior solutions to problems of bitterness, excessive sugar and excessive sodium.
About Perrigo Company
Perrigo is the nation's largest manufacturer of over-the-counter (non-prescription) pharmaceutical and nutritional products for the store brand and contract manufacturing markets. Store brand products are sold by retail stores under their own labels and compete with nationally advertised brand products. All Perrigo products meet or exceed quality standards set by the Food and Drug Administration (FDA). Perrigo over-the-counter (OTC) products include analgesics (pain relievers), cough and cold remedies, antacids, laxatives, and feminine hygiene products. Nutritional products include vitamins, minerals, dietary and herbal supplements. Consumers spend hundreds of millions of dollars a year on store brand OTC and nutritional products. As health care costs continue to rise, more and more consumers are turning to the quality and value that store brands offer.