COLUMBIA, Md., -- Martek Biosciences Corporation (Nasdaq: MATK) announced today that Mead Johnson(R) Nutritionals has announced plans to launch an infant formula supplemented with Martek's nutritional docosahexaenoic acid (DHA) and arachidonic acid (ARA) oils in the United States. Mead said today that the formula, Enfamil LIPIL(TM), will be on store shelves in early February. Earlier today, The Ross Products Division of Abbott Laboratories made a similar announcement of plans in early 2002 for a U.S. launch of formula supplemented with Martek's oils.
In May 2001, the Food and Drug Administration completed a favorable review of Martek's generally recognized as safe (GRAS) notification regarding the use of its DHA and ARA in infant formula. The FDA's clearance pertained solely to Martek's oil blend and does not extend to any other sources of DHA and ARA.
DHA and ARA are natural components of breast-milk and are believed by many researchers to play a pivotal role in perinatal neural development. Extensive clinical research has demonstrated that Martek's pure, proprietary formulation of DHA and ARA, when added to infant formulas at the proper level, significantly improves the mental and visual development of formula fed babies. Martek's DHA and ARA are currently available in infant formulas in over 60 countries worldwide.
Martek Biosciences Corporation develops, manufactures and sells products from microalgae. The Company's products include: (1) specialty, nutritional oils for infant formula; (2) nutritional supplements and food ingredients that may play a beneficial role in promoting mental and cardiovascular health, and in the development of the eyes and central nervous system in newborns; and (3) new, powerful fluorescent markers for diagnostics, rapid miniaturized screening, and gene and protein detection.
Chief Financial Officer
Martek Biosciences Corporation
SOURCE Martek Biosciences Corporation