DGAP-News: Neptune Files ITC Complaint Against Competitors Aker, Enzymotec, Rimfrost, Olympic and Others
(firmenpresse) - Neptune Technologies&Bioressources Inc.
30.01.2013 14:00
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LAVAL, Quebec, 2013-01-30 14:00 CET (GLOBE NEWSWIRE) --
Neptune Technologies&Bioressources Inc. ('Neptune') (Nasdaq.NEPT) (TSX:NTB)
announces that it has filed a complaint under Section 337 of the US Tariff Act
of 1930 (the 'Complaint') with the United States International Trade Commission
(the 'ITC') alleging that Aker BioMarine AS, Aker BioMarine Antarctic USA,
Inc., Aker BioMarine Antarctic AS, Enzymotec Limited, Enzymotec USA, Inc.,
Olympic Seafood AS, Olympic Biotec Ltd., Rimfrost USA, LLC, Bioriginal Food&Science Corp. and Avoca, Inc., a division of Pharmachem Laboratories Inc. (the
'Respondents') are engaging in unfair trade practices by, at least, the
importation, sale for importation, and sale after importation of certain
krill-based products, namely krill paste and krill oils, that directly or
indirectly infringe one or more claims of Neptune's U.S. Patent No. 8,278,351
('the '351 Patent').
'Neptune's patent estate reflects its position as the pioneer and market leader
in the field. The filing of the Complaint is consistent with our philosophy
that infringing competitors must be held accountable for their actions,' said
Mr. Henri Harland, Neptune's CEO and President. 'This approach will enhance our
business position as the leader and the innovator in this market.'
Neptune is seeking an order prohibiting the Respondents, their subsidiaries,
related companies and agents from engaging in the importation, sale for
importation, marketing and/or advertising, distribution, offering for sale,
sale, sale after importation, or other transfer within the United States of
certain krill-based products that infringe one or more claims of the '351
Patent. Neptune expects that the ITC investigation will formally commence
within the next month or so, and that the case will take a total of about 15 to
18 months to conclude.
'The ITC is one of the fastest means for judicial resolution of a patent
dispute in the United States and it has the power to issue broad and severe
remedies,' added Mr. Harland. 'When a company infringes our patents, without
our permission or a license, we owe it to our shareholders and investors to
protect the patents through every means available to us,' he concluded.
About Neptune Technologies&Bioressources Inc.
Neptune is a biotechnology company engaged primarily in the development and
commercialization of marine-derived omega-3 polyunsaturated fatty acids, or
PUFAs. Neptune has a patented process of extracting oils from Antarctic krill,
which omega-3 PUFAs are then principally sold as bulk oil to Neptune's
distributors who commercialize them under their private label primarily in the
U.S., European and Asian neutraceutical markets. Neptune's lead products,
Neptune Krill Oil (NKO(r)) and ECOKRILL Oil (EKO(tm)), generally come in capsule
form and serve as a dietary supplement to consumers.
Through its subsidiaries Acasti Pharma Inc. ('Acasti') (TSX-V:APO)
(Nasdaq:ACST) and NeuroBioPharm Inc. ('NeuroBioPharm'), in which Neptune
respectively holds 57% and 96% of the voting rights, Neptune is also pursuing
opportunities in the medical food and prescription drug markets. Acasti and
NeuroBioPharm respectively focus on the research and development of safe and
therapeutically effective compounds for highly prevalent atherosclerotic
conditions, such as cardiometabolic disorders and cardiovascular diseases, and
for neurodegenerative and inflammation related conditions. Acasti's lead
prescription drug candidate is CaPre(r), a purified high omega-3 phospholipid
concentrate derived from Neptune krill oil being developed to address the
prevention and treatment of cardiometabolic disorders, including
hypertriglyceridemia, which is characterized by abnormally high levels of
triglycerides.
Forward Looking Statements
Certain statements included in this press release may be considered
forward-looking information within the meaning of Canadian securities laws and
forward-looking statements within the meaning of U.S. federal securities laws,
both of which we refer to as forward-looking statements. Such statements
involve known and unknown risks, uncertainties and other factors that may cause
results, performance or achievements to be materially different from those
implied by such statements, and therefore these statements should not be read
as guarantees of future performance or results. All forward-looking statements
are based on Neptune's current beliefs as well as assumptions made by and
information currently available to Neptune and relate to, among other things,
Neptune's strategy, strategic goals, research and development activities,
research and clinical testing outcome, future operations, future financial
position, future revenues/results, projected costs, prospects and plans and
objectives of management.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. Due to risks
and uncertainties, including the risks and uncertainties identified by Neptune
in its amended and restated annual information form dated September 11, 2012,
in its press release announcing an action plan to resume operations and supply
customers dated November 26, 2012 and in its other public securities filings
available at www.sedar.com and www.sec.gov/edgar.shtml, actual events may
differ materially from current expectations. Except as required by law, Neptune
disclaims any intention or obligation to update or revise any forward-looking
statements.
CONTACT: Neptune Contact:Neptune Technologies&Bioressources Inc.Andre Godin,
CFO+1.450.687.2262a.godin(at)neptunebiotech.comwww.neptunebiotech.comHoward Group
Contact:Dave Burwell(888) 221-0915dave(at)howardgroupinc.comwww.howardgroupinc.com
News Source: NASDAQ OMX
30.01.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Neptune Technologies&Bioressources Inc.
United States
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ISIN: CA64077P1080
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End of Announcement DGAP News-Service
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