Biotechnology
company Neptune Technologies & Bioresources, Inc. announced it has received
“New Food Raw Material” certification in China. This enables the company to
sell its krill oil nutraceutical products in China, including NKO, its premium
krill oil, and EKO, its eco krill oil. China’s National Health and Family
Planning Commission found no quality or safety concerns, which affirms the
strength of Neptune’s products.
China, with its
population of more than 1.35 billion people, offers significant growth
potential for Neptune. The consumer demand for nutraceutical products that
support health and wellness continues to increase in China, and the company
plans to capitalize on this important market. Neptune already has sales
representation in China and is actively pursuing sales opportunities.
Chiefly engaged in
developing and commercializing marine-derived omega-3 polyunsaturated fatty
acids (PUFAs), Neptune has patented a process for extracting oils from
Antarctic krill. The company principally sells omega-3 PUFAs as bulk oil to its
distributors, who then commercialize them under private labels mainly in the
U.S., European and Australian nutraceutical markets. Serving as a dietary
supplement to consumers, Neptune’s products generally come in bulk oil or
capsule form.
Through its 49.95
percent voting rights in Acasti and its 96 percent voting rights in
NeuroBioPharm, Inc., Neptune is additionally pursuing opportunities in the
medical food and prescription drug markets. Acasti and NeuroBio are
respectively focused on researching and developing safe and therapeutically
effective compounds for highly prevalent atherosclerotic conditions as well as
neurodegenerative and inflammation-related conditions. Acasti’s lead
prescription drug candidate is CaPre, which is a purified high omega-3
phospholipid concentrate derived from Neptune krill oil. CaPre is being
developed to address the prevention and treatment of cardiometabolic disorders.
For more
information, visit Neptune’s website at www.neptunebiotech.com
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