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For Immediate Release
Contact:
Martek Biosciences Corporation The Carnegie Institution of Washington
Investor Relations Media Relations
Peter L. Buzy, CFO Tina McDowell
410-740-0081 202-939-1120
Scientific Scientific
Dr. David Kyle, Senior Vice President, Dr. Arthur Grossman
Research & Development 650-325-1521 ext. 212
410-740-0081
FUNDAMENTAL PATENT ON ALGA GENE EXPRESSION AWARDED TO MARTEK & CARNEGIE
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COMMERCIAL RIGHTS TO MARTEK
COLUMBIA, Md.ÑApril 11, 2000--Martek Biosciences Corporation (NASDAQ:
MATK) and The Carnegie Institution of Washington today announced that
they have been issued US Patent # 6,027,900 for Methods and Tools for
Transformation of Eukaryotic Algae. Technology protected under this patent
is a cornerstone to developing valuable products from the enormous algal
gene pool. Martek has the rights to develop all commercial applications
of the patent.
This patent is based on technology developed by Dr. Kirk Apt and Dr. Arthur
Grossman at The Department of Plant Biology of the Carnegie Institution
and by Martek and partially funded by Martek, to introduce DNA into specific
algae. During this effort a significant discovery was made that the promotor
section of genes involved with algal photosynthesis could drive the expression
of genes from other organisms. This latter finding solved a fundamental
problem of generating high levels of gene expression in algae. Generally,
the promotors used to express genes in animal and plant cells do not work
well in algae.
Patent coverage includes the use of valuable selectable markers for algal
transformations that are used to identify and isolate new recombinant
algal strains easily. It also provides Martek with commercial rights over
any DNA vectors containing these promoters as well as any algal cells
transformed with such vectors. "This patent clearly establishes Martek
Biosciences as the commercial leader in algal biotechnology. It allows
the Company to start mining the algal genome for new traits that may be
incorporated into agricultural crops to increase their value. Going the
other way, it also allows the Company to incorporate valuable plant and
animal proteins into the algae themselves" stated Henry Linsert, Jr.,
Chairman and CEO of Martek.
This is the first in what the Company hopes will be a string of patents
securing its intellectual property position in the field of algal genomics.
Knowledge of transferring genes in and out of eukaryotic algae is in its
infancy, and this new patent represents a breakthrough in the ability
to identify and use valuable genes in algae. The CompanyÕs immediate interest
is in the identification of algal genes involved in the biosynthesis of
carotenoids, Vitamin E, sterols, isoflavones, and long chain polyunsaturated
fatty acids. Because of the similarity in genetic structure and biochemical
pathways between algae and higher (agronomic) plants, many scientists
believe that algae will represent an excellent source of new genes for
the production of valuable neutraceutical compounds.
This press release contains forward-looking statements including statements
regarding the potential benefits of Martek's technology. Such statements
involve risks and uncertainties that could cause future actual results
to differ due to a variety of risk factors, including but not limited
to those factors set forth in Exhibit 99.1 to the Company's Form 10-K
for the year ended October 31, 1999 and other filed reports on Form 10-K,
Form 10-Q and Form 8-K.
The Carnegie Institution of Washington (www.carnegieinstitution.org) has
been a pioneering force in basic scientific research since 1902. It is
a private nonprofit organization with five research departments in the
U.S.: Terrestrial Magnetism, Plant Biology, Observatories, Embryology
and Geophysical Laboratory. The Department of Plant Biology, located on
the Stanford University campus, began as the Desert Laboratory in 1903.
Throughout its existence, the department has been a leader in the fields
of photosynthesis, experimental taxonomy, and plant physiology.
Martek Biosciences Corporation (www.martekbio.com) develops and sells
products from microalgae. The Company's products include: (1) specialty,
nutritional oils for infant formula, nutritional supplements and food
ingredients that may play a beneficial role in promoting mental and cardiovascular
health, and in the development of the eyes and central nervous system
in newborns; (2) high value reagents and technologies to visualize molecular
interactions for drug discovery and development and; (3) powerful fluorescent
markers for diagnostics, rapid miniaturized screening, and gene and protein
detection.
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