Regulatory AffairsFor its functional food products, Neptune is following the same rigorous quality assurance and quality controls as described for the dietary supplements. In 2008, Neptune Technologies received notification that Neptune Krill Oil ("NKO®") has been determined to be safe as a human food ingredient, a regulatory status required for the commercialization of NKO® incorporated into different functional foods. Hence, Neptune has completed all the necessary regulatory clearances for full commercialization in the United States. To see the full press release (please click here) January 23rd, 2008 press release. Commercialization in the European Union requires Novel Food approval. Novel foods are foods and food ingredients that have not been used for human consumption to a significant degree within the EU before 1997. The application to the Commission consists of scientific information and a safety assessment report which is reviewed by the European Food Safety Authority. Neptune has submitted an application for Novel Food approval has been approved in early 2009. To see the full press release (please click here) February 19rd, 2009 press release. |