Martek Signs Agreement for Infant Formula in South Korea
Martek manufactures nutritional oils that contain the long-chain polyunsaturated fatty acids DHA and ARA, both of which are naturally present in breast milk. Clinical studies have demonstrated benefits for infants supplemented with DHA and ARA.
14/12/07 Martek Biosciences Corporation announced today that it has entered into a multi-year DHA and ARA license and supply agreement for infant formula with IlDong Foodis, an affiliated company of IlDong Pharmaceutical. Under the terms of the agreement, Martek will serve as the exclusive ARA supplier for all IlDong Foodis infant formula products in South Korea.
Martek manufactures nutritional oils that contain the long-chain polyunsaturated fatty acids DHA and ARA, both of which are naturally present in breast milk. Clinical studies have demonstrated benefits for infants receiving formula supplemented with DHA and ARA. Martek's proprietary blend of DHA and ARA, marketed under the brand names life'sDHA and life'sARA, is currently used in over 90 percent of U.S. infant formulas. Additionally, infant formula containing life'sDHA and life'sARA has been consumed by over 25 million infants in over 70 countries worldwide.
"This new agreement is another important step in Martek's effort to expand its international presence in the infant formula market," said Brian Sparg, vice president of global nutrition for Martek. "Our partnership with IlDong Foodis further demonstrates that companies worldwide understand the importance of adding Martek's DHA and ARA to infant formula for infant health and development."
IlDong Foodis, an affiliated company of IlDong Pharmaceutical, sells infant formula, infant cereals, powdered beverages for adults and children, fruit juices and other food products. IlDong Pharmaceutical is a South Korean-based manufacturer and distributor of pharmaceuticals, as well as a manufacturer of raw ingredients such as probiotics.
