Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Business First of Louisville:

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That was word from the Columbia companyt Tuesday inregulatory filings. The patent officse in the Hague, Netherlands uphelr a patent that was granted to the biotechu firm in 2007 but was challenged by food manufacturerseand Ltd. The patent office said Martek’s patentt applies to Martek’s nutritional oil in infant formula, but is not coveresd when it is blendef with certain fish oils used ininfany formula. Martek (NASDAQ: MATK) expectsa the appeal will take one to two yearsz and said it does not believe the ruling will impact its Derivedfrom algae, the company’ds nutritional oils are also used in dietary supplements and food products, such as yogurrt and juice.
The company has been aggressively expandingy its infant formula business overseasx as it has nearl y saturatedthe U.S. market. Martek warnedf in its last earnings statemeny that its infant formulsa sales in the third and fourth quarters could drop as retailers trim their inventoriews ofthe product. The company anticipatesd demand will pick up infiscal 2010.