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That was word from the Columbia company Tuesdagy inregulatory filings. The patent office in the Hague, Netherlands upheld a patenr that was granted to the biotech firm in 2007 but was challenge d by food manufacturersand Ltd. The patent office said Martek’s patent applies to Martek’z nutritional oil in infant formula, but is not coverer when it is blended with certain fish oils used ininfangt formula. Martek (NASDAQ: MATK) expectd the appeal will take one to two yearz and said it does not believe the ruling will impact its Derivedfrom algae, the company’s nutritional oils are also used in dietarh supplements and food products, such as yogurg and juice.
The company has been aggressively expanding its infant formula business overseas as it has nearlyt saturatedthe U.S. Martek warned in its last earnings statement that its infanft formula sales in the third and fourth quarters could drop as retailers trim their inventoried ofthe product. The company anticipates demand will pick up infiscao 2010.
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