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Martek Signs Agreement with Abbott

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By: Sean Moloughney

Editor, Nutraceuticals World

Martek Corporation, Columbia, MD, has entered into a long-term supply agreement with Abbott Nutrition, Columbus, OH. Martek will serve as Abbott’s exclusive worldwide DHA (docosahexaenoic acid) and ARA (arachidonic acid) supplier for its infant formula products. The agreement provides for a 10-year term with Abbott having the right to terminate the arrangement as of January 2012. Martek has been supplying DHA and ARA to Abbott for use in infant formula products under a 25-year license agreement signed in 2000, which remains in effect. As part of the new supply agreement, Abbott has committed to purchase all of its worldwide DHA and ARA requirements from Martek.

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