COLUMBIA, Md. and INDIANAPOLIS, May 29 /PRNewswire-FirstCall/ -- Dow AgroSciences LLC and Martek Biosciences Corporation today announced a collaborative agreement to jointly develop and commercialize a canola seed that produces the omega-3 fatty acid, DHA (docosahexaenoic acid).
Under the terms of the agreement, Martek and Dow AgroSciences will co-develop the canola seed, which will produce a DHA-rich canola oil that will be part of Dow AgroSciences' "next generation" of food industry oils. The intent of the collaboration is to develop a DHA-rich canola oil which would strengthen Martek's position as a leading producer and marketer of DHA-enriched oils and powders and complement Dow AgroSciences' current Omega-9 Oils platform which is being widely adopted by the food industry to remove trans fat and reduce saturated fat in food products. Dow AgroSciences and Martek anticipate a multi-year effort to produce this new healthy oil, which when commercialized will be marketed to the food industry.
DHA omega-3 is a long-chain fatty acid that serves as the primary structural fatty acid found in the brain and the eyes, and supports brain, eye and cardiovascular health throughout life. There is a large and growing body of scientific evidence demonstrating that people of all ages, from infants to aging adults, benefit from an adequate supply of DHA omega-3 in the diet. Scientific reviews highlight the importance of DHA omega-3 in proper brain and eye development and function, and clinical studies are underway to evaluate the role of DHA in decreasing the prevalence of certain neurological disorders. Yet despite its importance, Americans have among the lowest dietary intakes of DHA omega-3 in the world.
Today DHA is primarily sourced from algal fermentation and fish oil. Production of DHA in canola will allow for a more cost-effective vegetarian supply for use in certain food applications.
"Nutritionists are now recommending that people increase their consumption of DHA, as most consumers don't get enough in their diets today," said Daniel R. Kittle, Ph.D., global R&D leader and vice president, Dow AgroSciences. "Martek, with its strong portfolio in omega-3 fatty acids, will be a great addition to the continued development of our rapidly growing canola and sunflower Healthy Oils platform."
"As the leading innovator in DHA science and technology, Martek is pleased to partner with agricultural leader Dow AgroSciences, to combine our unique technologies and intellectual property for the creation of an oilseed source of DHA, a nutrient that is important to human health throughout the lifecycle," said Steve Dubin, Martek CEO. "Dow AgroSciences' expertise and commitment to healthy nutritional solutions complements Martek's own values and strengths, making this an ideal collaboration."
Financial terms of the agreement were not disclosed.
About Dow AgroSciences
Dow AgroSciences LLC
About Martek Biosciences Corporation
Martek Biosciences Corporation
Sections of this release contain forward-looking statements. These statements are based upon numerous assumptions which Martek cannot control and involve risks and uncertainties that could cause actual results to differ. These statements should be understood in light of the risk factors set forth in the company's filings with the Securities and Exchange Commission, including, but not limited to, the company's Form 10-K for the fiscal year ended October 31, 2007 and other filed reports on Form 10-K, Form 10-K/A, Form 10-Q and Form 8-K.
For More Information: Robyn Heine Dow AgroSciences 317-337-4807 Cassie France-Kelly Martek Biosciences 410-740-0081
CONTACT: Robyn Heine of Dow AgroSciences, +1-317-337-4807; or Cassie
France-Kelly of Martek Biosciences, +1-410-740-0081
Web site: http://www.martek.com/
http://www.lifesdha.com/
http://www.dowagro.com/
http://www.dowagro.com/omega9oils/