FDA Review Allows Cyanotech to Market BioXanthin Natural Astaxanthin for Human Nutrition in the United States.KAILUA-KONA, Hawaii--(BUSINESS WIRE)--Aug. 11, 1999-- Dietary Supplement Has Powerful Antioxidant antioxidant, substance that prevents or slows the breakdown of another substance by oxygen. Synthetic and natural antioxidants are used to slow the deterioration of gasoline and rubber, and such antioxidants as vitamin C (ascorbic acid), butylated hydroxytoluene Benefits Cyanotech Corporation (NASDAQ/NM:CYAN) today announced that its application to sell its natural astaxanthin product, BioXanthin(tm), has been reviewed without objection by the U.S. Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ). The Company can now offer the product for sale and use in the United States as a human dietary supplement. Cyanotech produces BioXanthin from microalgae and believes it is the only dietary supplement containing astaxanthin that has been reviewed by the FDA. "We are pleased to report the completion of the FDA review of our new BioXanthin product," said Gerald R. Cysewski, Ph.D., Cyanotech chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Health industry experts tell us that there is a potentially large market for natural astaxanthin as a dietary supplement." Previously, Cyanotech reported that a growing body of scientific literature demonstrates that natural astaxanthin surpasses many of the antioxidant benefits of vitamin C, vitamin E, beta-carotene and other carotenoids Carotenoids Carotenoids are yellow to deep-red pigments. Mentioned in: Vitamin A Deficiency carotenoids (k . (See "BioXanthin Technical Bulletin" at http://www.cyanotech.com/html/bioxanthin.html.) Human and animal studies have shown that astaxanthin can: -0-
-- protect the skin from the damaging effects of ultraviolet
radiation,
-- reduce age-related macular degeneration,
-- protect against chemically induced cancers,
-- increase high-density lipoprotein (HDL) production,
-- enhance the immune system, and
-- enhance energy metabolism.
Research has also shown that natural astaxanthin has up to 550 times the antioxidant activity of vitamin E and 10 times the antioxidant activity of beta-carotene. "It is important to note that Cyanotech's recent agreement with Norsk Hydro to form a joint venture to produce and sell natural astaxanthin is limited to animal pigmentation pigmentation, name for the coloring matter found in certain plant and animal cells and for the color produced thereby. Pigmentation occurs in nearly all living organisms. and animal nutrition markets, while Cyanotech retains complete worldwide rights for natural astaxanthin for human nutrition," added Dr. Cysewski. "We are currently negotiating with several prospective domestic and foreign distributors of BioXanthin." Cyanotech Corporation produces high-value natural products from microalgae. Products include NatuRose(tm) natural astaxanthin used in the worldwide aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. and animal feed industry, which Cyanotech has agreed, subject to successful completion of a production optimization project, to manufacture and market in a joint venture with Norsk Hydro ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and (www.hydro.com), a multi-billion dollar enterprise based in Oslo, Norway. Other products are Spirulina spirulina Any cyanobacteria in the genus Spirulina. A traditional food source in parts of Africa and Mexico, spirulina is an exceptionally rich source of vitamins, minerals, and protein, and one of the few nonanimal sources of vitamin B12. Pacifica(tm), a nutrient-rich dietary supplement; BioXanthin(tm), a natural astaxanthin product for use as a human nutritional supplement; and phycobiliproteins, which are fluorescent pigments used in the immunological diagnostics market. Under development are microalgae-based products for the biopesticide markets and a patented aldolase aldolase /al·do·lase/ (al´do-las) 1. aldehyde-lyase. 2. an enzyme that acts as a catalyst in the production of dihydroxyacetone phosphate and glyceraldehyde phosphate from fructose 1,6-bisphosphate. catalytic antibody under license from The Scripps Research Institute. Cyanotech is the only microalgae company in the world to have an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 Registered Quality System. Additional information is available at www.cyanotech.com. (Note -- Information on factors that may affect the business and financial results of Cyanotech and may cause actual results to differ from current expectations can be found in filings of the Company with the Securities and Exchange Commission.) |
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