[18], However, none of the companies selling formula and other products containing the DHA and ARA oils have monitored reactions to these products and reported back to the FDA, according to the 2009 results of a FOIA request made by Cornucopia. The scientists involved realized the broader potential for algae in human health, and when Martin Marietta ended their involvement with the CELSS program in 1985 (they left bioscience research altogether), they left the company and formed Algatex in May 1985, which they renamed to Martek by September of the same year. [note 2] ARA is a commonly made supplement across many manufacturers. Products. Martek Biosciences Corporation develops, manufactures, and sells nutritional supplements. DHA and ARA were not approved synthetics by the National Organic Standards Board (NOSB) because a potential neurotoxin called hexane is used in the production process for the fatty acids. United States Code of Federal Regulation. Martek Biosciences Corporation (131.81 KB) Return to top. Incorporated: ? The Federal Circuit has recently issued some highly controversial decisions, such as In re Bilski now before the U.S. Supreme Court. Email: contactus at martek dot com. On September 23, 2003, Martek filed its complaint. Martek Biosciences Corporation is a leading innovator in the development of nutritional products that promote health and wellness through every stage of life. Here's how you know. DSM Nutritional Products, LLC is a Delaware corporation with its principal office or place of business at 45 Waterview Boulevard, Parsippany, New Jersey 07054. After building the original facility nearly 40 years ago, Gray worked with Martek Biosciences, a baby formula additives and dietary supplement manufacturer, and their process engineers to provide a functional and aesthetic building expansion that increases fermentation and drying capacity. Columbia, MD 21045 Nutrinova reviewed the list and concluded that the patents offered by Martek were either not infringed or were invalid. View information on-Martek biosciences (martek.com),Located in Columbia, US. Pharmaceutical and Medicine Manufacturing Chemical Manufacturing Manufacturing Printer Friendly View Address: 1416 N Williamsburg County Hwy Kingstree, SC, 29556 United States See other locations Phone: ? A free inside look at company reviews and salaries posted anonymously by employees. Connect to CRM . Trending now. Log In. April 15, 2004. Karen Simmer, Sanjay K Patole and Shripada C Rao. Find useful insights on Martek Biosciences's company details, tech stack, news alerts, competitors and more. Martek Biosciences vs competitors Add Company Martek Biosciences provides nutritional products that promote health and wellness. Website: www.dsm.com Employees (this site): ? Center for Food Safety and Applied Nutrition, Spinning Suspect Ingredients in Baby Formula, Replacing Mother: Imitating Human Breast Milk in the Laboratory, http://files.shareholder.com/downloads/MATK/1702180115x0x446639/c3507c83-f5d7-42d9-b195-54cf98806534/DSM_Martek_Announcement.pdf, Dutch company to buy Martek for $1.1 billion, Longchain polyunsaturated fatty acid supplementation in infants born at term, Formal Recommendation by the National Organic Standards Board (NOSB) to the National Organic Program (NOP): Docosahexaenoic acid (DHA) algal oil petition, Formal Recommendation by the National Organic Standards Board (NOSB) to the National Organic Program (NOP): Arachidonic Acid (ARA) from Fungal Oil Petition, Martek, General Mills Collaborate on Microencapsulation Technology for Food Applications, Title 7: Agriculture, PART 205NATIONAL ORGANIC PROGRAM, Subpart ADefinitions, Purity of Federal 'Organic' Label Is Questioned, Frost & Sullivan Recognizes Martek Biosciences, Martek Biosciences Corporation Notice of Annual Meeting of Stockholders, https://www.sourcewatch.org/index.php?title=Martek_Biosciences&oldid=786401, Creative Commons Attribution-NonCommercial-ShareAlike, Gertjan de Koning, Chief Operating Officer, David M. Feitel, Executive VP, General Counsel and Secretary, Peter L. Buzy, CFO, Treasurer, and Executive VP: $721,722, Peter A. Nitze, Chief Operating Officer and Executive VP: $843,243, David M. Feitel, Executive VP and General Counsel: $583,306. [17], The U.S. Food and Drug Administration (FDA) conditionally approved Martek's DHA and ARA oil additives as "generally recognized as safe" (GRAS) in 2001. It is now a fully-owned subsidiary of DSM. [5] According to Martek, "an adequate supply of DHA, provided through either breast milk or DHA-fortified [infant] formula, is associated with better visual function and more rapid visual development. It is now a fully-owned subsidiary of DSM. Use Slintel to connect with top decision-makers at Martek Biosciences. Ellicott City, MD 21043. Revenue: $100 - $500 million See Exact Annual Revenue: Employees: N/A Exact Company Size: In 2004, when Martek Biosciences (MATK) (21.70 --> $721mm market cap) was a high-flying growth stock, I had the opportunity to meet with the CFO. Martek Biosciences Corporation is a leading innovator in the development of nutritional products that promote health and wellness through every stage of life. Browse employee directory for email addresses & phone numbers. However, the decision was overruled by deputy U.S. Department of Agriculture (USDA) National Organic Program (NOP) administrator Barbara Robinson. Martek Biosciences is part of Koninklijke DSM N.V.. DHA and ARA were not approved synthetics by the National Organic Standards Board (NOSB) because a potential neurotoxin called hexane is used in the production process for the fatty acids. Martek subsequently went public in 1994. "[3], Martek specializes in the development of nutritional supplements derived from microalgae and fungus. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. This article is part of the Food Rights Network, a project of the Center for Media and Democracy. Changes in labor markets, automation, artificial intelligence and machine learning is transforming the way we do business. In the early-1980s, Martin Marietta began investigating the potential benefits that algae might bring to long-term space flight, having been contracted by NASA under the Closed Environment Life Support System (CELSS) program. 12. Martek Biosciences Corp - Page. Start Free Trial . Ex. See business details and contact information. Martek Biosciences Corporation was a pharmaceutical company based in Columbia, Maryland. It is now a fully-owned subsidiary of DSM. Visit PayScale to research Martek Biosciences Corp salaries, bonuses, reviews, benefits, and more! [note 2] Martek's heavy revenue reliance on Mead Johnson had, in the mid-2000s, led to some investor concerns. He also received $2.5 million in "severance and change-of-control agreements. Brain Power (IP) Company Profile & Annual Report for Martek Bioscience Access the complete profile. Welcome to Martek Isotopes! Martek Biosciences Corporation 6480 Dobbin Road Columbia, Maryland 21045 U.S.A. Telephone: (410) 740-0081 Fax: (410) 740-2985 Web site: https://www.martekbio.com Source for information on Martek Biosciences Corporation: International Directory of Company Histories dictionary. [20] This includes 90 percent of formulas certified as organic by the U.S. Department of Agriculture (USDA), according to the Washington Post. It currently operates as a subsidiary of Royal DSM N.V. View contacts for Martek Biosciences to access new leads and connect with decision-makers. [7] It has also expanded the market for its DHA oils to 350 other food products and markets its product as a "vegetarian alternative" to fish oil. The average salary for Martek Biosciences Corp employees is $106,500 per year. See reviews, photos, directions, phone numbers and more for Martek Biosciences locations in Kensington, MD. Owner, EIR Advisory LLC, a life-sciences advisory and investment firm. [5], As of 2005, the company typically marked its own DHA, but contracted out for the manufacture of ARA, which requires supplemental fermentation of the source fungus. See reviews, photos, directions, phone numbers and more for Martek Biosciences locations in Ellicott City, MD. [17], The U.S. Food and Drug Administration (FDA) conditionally approved Martek's DHA and ARA oil additives as "generally recognized as safe" (GRAS) in 2001. The oldest company is Cayman Chemical, founded in 1980. [5] According to Martek, "an adequate supply of DHA, provided through either breast milk or DHA-fortified [infant] formula, is associated with better visual function and more rapid visual development. Martek has become a leader in fermentation technology and is an innovator in the research and development of products derived from microalgae. Martek Biosciences Corporation CONTACT: Kyle Stults of Martek Biosciences Corporation, +1-410-740-0081 Web site: http://www.martekbio.com/ Back to news Last updated: October 17, 2022. Solutions. See reviews, photos, directions, phone numbers and more for Martek Biosciences Corp locations in Columbia, MD. Martek's official website is www.martekmd.com What is Martek's Revenue? Martek Biosciences Corp. Watch. Martek Biosciences said yesterday that the Food and Drug Administration (FDA) has completed a favorable review of its safety data on the former Omega Tech DHA product, currently being marketed by the company for use in food applications. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. DHA is an omega-3 fatty acid, and life'sDHA is a DHA oil produced from Crypthecodinium cohni or Schizochytrium sp. Fax: 410-740-2985 "Martek" was in fact the name of the Martin Marietta division they had been affiliated with originally. "[9], In 2008, the Cornucopia Institute analyzed scientific studies and concluded that there was little evidence to support Martek's claims that DHA and ARA additives benefit brain and eye development. Find More Contacts for Martek Biosciences, Edit Lists Featuring This Company Section, Global Nutricosmetics Market: Requirement for Minimal Invasive Beauty Therapies Noticed by Variant Market Research. The 98 adverse reactions were self-reported. Here is a summary of how the competitors of Martek Biosciences compare to one another: Regeneron has the most employees (9,123). Animal. Rooms Rankings Earnings Newsletters Shop. [1][6] This same year, the first commercial products supplemented with Formulaid were sold in Europe. The 98 adverse reactions were self-reported. Martek Biosciences | 1,751 followers on LinkedIn. [1] Its annual net sales were about $450 million in 2010. Find out what works well at Martek Biosciences Corporation from the people who know best. [7] As of 2007 and 2009, supplements for infant formula accounted for 91% of the company's sales,[8][5] bringing one commentator to note the firm was a "pure play" investment target. It engages in developing products related to infant nutrition, child and adult nutrition, prenatal nutrition, animal nutrition, and sports nutrition. "[9], In 2008, the Cornucopia Institute analyzed scientific studies and concluded that there was little evidence to support Martek's claims that DHA and ARA additives benefit brain and eye development. [note 2], "How algae grow baby brains, S.C. economy", "Algae a lucrative source of nutrient supplements", "DSM hits M&A road with $1.1 billion Martek buy", "Nutritional Products from Space Research", Second page of "How algae grow baby brains", Pharmaceutical companies of the United States, https://en.wikipedia.org/w/index.php?title=Martek_Biosciences_Corporation&oldid=1118432345, Biotechnology companies of the United States, Defunct pharmaceutical companies of the United States, Pages containing links to subscription-only content, Creative Commons Attribution-ShareAlike License 3.0, David Kyle, Richard Radmer and Paul Behrens, This page was last edited on 27 October 2022, at 00:24. In December 2010, Martek was purchased by Dutch chemical company Royal DSM for $1.1 billion. 4.) Alan M. Rulis, Ph.D., Director, Office of Premarket Approval, Center for Food Safety and Applied Nutrition, and Christine J. Lewis, Ph.D., R.D., Director, Office of Nutritional Products, Labeling, and Dietary Supplements, Center for Food Safety and Applied Nutrition, FDA. The move was highly controversial. [18], However, none of the companies selling formula and other products containing the DHA and ARA oils have monitored reactions to these products and reported back to the FDA, according to the 2009 results of a FOIA request made by Cornucopia. * We use standard office opening hours in near Martek Biosciences (Fluorescent Detection Business)'s location as default value for unknown and outdated data. It operates manufacturing, and research and development facilities in Colorado, South Carolina, Connecticut, and Kentucky. algae. Welcome To Our Site! Its product line catering to prenatal nutrition is focused on products for pregnant and nursing women. [22], 6480 Dobbin Road Martek Biosciences Corporation. Martek Biosciences . [8] Arachidonic acid (ARA) is naturally found in breast milk and is the primary omega-6 fatty acid in the brain. Omega 3 Market Size to Reach $3.01 Billion by 2022: Grand View Research, Inc. Concussion-Related Measures Improved in High School Football Players Who Drank New Chocolate Milk, UMD Study Shows, East Coast Biotechnology Acquired Companies. Email: contactus at martek dot com. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. 3. We specialize in Carbon 13 & Deuterium products from algae. S&P 500 0.00%. [2] In December 2010, Martek was purchased by Dutch chemical company Royal DSM for $1.1 billion. [4], Martek's "life'sDHA" is the only U.S. Food and Drug Administration (FDA) approved docosahexaenoic acid (DHA) additive for infant formula. Unlock full sales materials and reports Contacts Get in Touch with 2 Principals* and 86 Contacts Peter Nitze Organization Website: martek.com: Martek Biosciences industries: Biotechnology: Martek Biosciences Employees Size: 500-1000 employees: Specialties: fermentation, DHA, omega-3: Founded: 1985: Martek Biosciences is in the sectors of: Biotechnology. MARTEK BIOSCIENCES KINGSTREE CORPORATION. DHA, on the other hand, has its main competition in fish oil supplements, where DHA has the advantage of being tasteless and odorless compared to fish oil. [1] It was acquired by Royal DSM NV in 2011, [2] and produces nutritional ingredients for the food, beverage, dietary supplement and early life nutrition industries. It is now a fully-owned subsidiary of DSM. 3rd Party Ad. GM but Recommended for Approval for Organic List? According to Martek, the parties were unable to amicably settle the matter. United States Code of Federal Regulation. [1], As of 1996, the company's leading product was Formulaid, a dietary supplement containing DHA and ARA, "an algae-based, vegetable-like oil". He also received $2.5 million in "severance and change-of-control agreements. [5], Martek was acquired by DSM in 2011 as part of their expansion out of bulk chemical manufacture and sales. Website: www.dsm.com Employees (this site): ? 5.) Find out more about Martek Biosciences, Synthetic Biology, Food, Flavour and Fragrances, Supplement, Miscellaneous and and . San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. These statements are based upon numerous assumptions which Martek cannot control and involve risks and uncertainties that could cause actual results to differ. 54 likes. A free inside look at Martek Biosciences salary trends based on 12 salaries wages for 11 jobs at Martek Biosciences. Columbia, MD 21045 The FDA's letter to Martek accompanying its decision expressed the following concerns:[18], The decision notes that the approval of the ingredient does not negate the responsibility of infant formula manufacturers that include the additives to monitor and submit reports on adverse infant reactions to the FDA. [1] It was acquired by Royal DSM NV in 2011,[2] and produces nutritional ingredients for the food, beverage, dietary supplement and early life nutrition industries. DHA omega-3 products promote health and wellness through every stage of life and ARA omega-6 products support growth and development in infants and children. [2] [7], With respect to business model, the infant formula market has been "relatively stable", allowing for firm prediction of revenue and production needs; however, stepping into the general food market (e.g. Find out more here. This is Martek Biosciences' 2nd largest (disclosed) transaction. [2] This is Martek Biosciences' 1st transaction in the Life Science sector. Pricing. Martek's revenue is <$5 Million What is Martek's SIC code? [11] The most recently updated version of this review, published in December 2011, concluded that "feeding term infants with milk formula enriched with LCPUFA [long-chain polyunsaturated fatty acids such as DHA and ARA] had no proven benefit regarding vision, cognition, or physical growth. Alan M. Rulis, Ph.D., Director, Office of Premarket Approval, Center for Food Safety and Applied Nutrition, and Christine J. Lewis, Ph.D., R.D., Director, Office of Nutritional Products, Labeling, and Dietary Supplements, Center for Food Safety and Applied Nutrition, FDA. Dutch chemical company Royal DSM N.V. view contacts for Martek Biosciences Corp employees is 106,500. S revenue is & lt ; $ 5 million What is Martek Biosciences N.V. contacts... 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