Neptune Announces Research Collaboration with Nestlé
12 July 2007
Neptune Technologies & Bioressources Inc. (Neptune) is pleased to announce a collaboration with the Nestlé Research Center.
According to the signed agreement terms, Neptune and Nestlé will jointly research the effects of Neptune Krill Oil (NKO™) on exceptionally prevalent conditions affecting the worldwide adult population. The research was initiated at the beginning of July 2007. The design and identification of primary investigators for the study has been completed. Upon successful completion of the trial the companies will proceed with the development and license Agreement.
"I am extremely pleased for this cooperation between Neptune and Nestlé. With this collaboration, we are not only fulfilling a pivotal milestone we also have an opportunity to strengthen our presence in the functional food market in partnership with the world's largest food company in the rapidly growing and profitable healthcare nutrition segment," said Mr. Henri Harland, president and CEO at Neptune.
"I am very excited about the opportunity to join the Nestlé research center team in investigating new frontiers for Neptune krill oil" said Dr. Tina Sampalis, Vice President of R&D and Business Development.
"Following the trend of tremendous growth witnessed in functional food and drink, we are extremely pleased with our collaboration with Nestlé. Moreover, in order to further capitalize on the sustainable growth of the functional food market as planned in our business plan, we are already targeting more strategic worldwide partners" said Mr. Thierry Houillon, Vice President of Business Development, functional food at Neptune.
ABOUT NESTLé AND NESTLé RESEARCH CENTER
Headquatered in Vevey, Switzerland, Nestlé was founded in 1866 by Henri Nestlé and is currently the world's biggest food and beverage company. Sales for 2006 were CHF 98.5 bn, with a net profit of CHF 9 bn.
Established in 1987, the Nestlé Research Center (NRC), Lausanne, Switzerland, is one of the world's leading research institutions in food, nutrition and life sciences. With a diverse staff of leading researchers from a broad range of scientific competencies, NRC possesses a unique blend of talent and expertise. Knowledge on nutrition and health, food science, food/consumer interaction and food quality and safety are combined at the Nestlé Research Center to help develop good food as a source of good health throughout life.
