DSM and ADM Have Reached an Agreement
The business has sales of over EUR 2 billion and a long tradition as a pioneer in the discovery of new products, new formulations and attractive applications for all industry segments.
31/05/08 DSM and ADM announced that they have reached an agreement in a patent infringement dispute concerning DSM’s U.S. Patents 5,648,261 and 5,879,927 and ADM's Ecotone Phaffia Astaxathin product. Under the terms of the parties' agreement, ADM has entered into a license agreement with DSM and will continue to provide the Ecotone product to the market. The financial terms of the agreement were not disclosed.
Wim Klop, DSM’s General Manager of Intellectual Property, noted that “DSM values its significant intellectual property portfolio and it is pleased that a settlement was reached with ADM.”
DSM Nutritional Products
DSM Nutritional Products is the world's leading supplier of vitamins, carotenoids and other fine chemicals to the feed, food, pharmaceutical and personal care industries. The business has sales of over EUR 2 billion and a long tradition as a pioneer in the discovery of new products, new formulations and attractive applications for all industry segments. For further company information please visit www.dsmnutritionalproducts.com.
DSM – the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates innovative products and services in Life Sciences and Materials Sciences that contribute to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and more enjoyable way of life. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics and electronics, life protection and housing. DSM has annual sales of almost EUR 8.8 billion and employs some 23,000 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com.