| Neptune’s Allowance of Continuation of ‘348 Patent Strengthens |
| Thursday, June 07 2012 | |||||||||
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Neptune’s Allowance of Continuation of ‘348 Patent Strengthens Its Position in the U.S Laval, Québec, CANADA – June 7, 2012 – Neptune Technologies & Bioressources Inc. (“Neptune”) (NASDAQ.NEPT - TSX.NTB) announces that the U.S. Patent & Trademark Office (the “USPTO”) has allowed one of its continuation patent applications, number 13/189,714, which claims the benefit of Neptune’s U.S. Patent No. 8,030,348 (“the ‘348 Patent”). This continuation application contains claims to further embodiments of the inventions that were disclosed in the ‘348 Patent; specifically to krill extracts comprising a phospholipid suitable for human consumption. These claims cover a number of krill oil products presently sold in the U.S. market. The continuation application, which was filed less than a year ago, was allowed by the USPTO after a thorough examination. During prosecution, Neptune provided the USPTO with a substantial volume of prior art references and other materials, including the papers from re-examination requests filed by Aker Biomarine ASA (“Aker”) directed to the ‘348 Patent and a related Neptune patent, and the oppositions being undertaken on related Neptune patents in Europe and Australia. Henri Harland, President and CEO of Neptune, stated: “The fact that the USPTO has allowed this continuation of the ‘348 Patent, after considering the prior art and evidence submitted by Aker in the re-examination of the ‘348 Patent, is for us, a clear indication of the strength of the continuation claims. This new patent will reinforce our positioning and further confirm our pioneering role in the krill oil industry. We expect our competitors to again downplay the importance of this achievement for Neptune, but the fact remains that we are continuously building our IP and market positioning, not only in the United States, but also throughout the world. We intend to fully enforce our patents against anyone who infringes.” Neptune
is an industry-recognized leader in the innovation, production and
formulation of science-based and clinically proven novel phospholipid
products for the nutraceutical and pharmaceutical markets. The Company
focuses on growing consumer health markets including cardiovascular,
inflammatory and neurological diseases driven by consumers taking a more
proactive approach to managing health and preventing disease. The
Company sponsors clinical trials aimed to demonstrate its product health
benefits and to obtain regulatory approval for label health claims.
Neptune is continuously expanding its intellectual property portfolio as
well as clinical studies and regulatory approvals. Neptune’s products
are marketed and distributed in over 30 countries worldwide.
NeuroBioPharm
is pursuing pharmaceutical neurological applications, and a clinical
study for a medical food product with a multinational partner is already
initiated. The development of a prescription drug candidate is
currently in progress. Advanced clinical development and
commercialization is planned to be carried out with multinational
partners. "Neither Nasdaq nor the TSX
Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."
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Mr. Dave Burwell Toll Free: 1-888-221-0915 +1 403 221.0915 [email protected] www.howardgroupinc.com |
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