Phosphagenics Ltd. Obtains GRAS Status

MELBOURNE, Australia— Phosphagenics (Phosphagenics.com) announced that an independent panel of food safety experts unanimously concluded that Phosphagenics' patented Phospha E® is Generally Recognized As Safe (GRAS). If FDA has no further comment, GRAS designation allows manufacturers to produce and sell foods that include Phospha E in the U.S. food industry.

"GRAS status extends the permitted use of Phospha E beyond the nutritional supplement market and into the substantial U.S. food industry, and represents a tremendous commercial opportunity for Phosphagenics," said Harry Rosen, Phosphagenics' President and CEO.

Phospha E is a patented derivative of vitamin E and, according to the company, has been shown to lower blood cholesterol and triglyceride levels, inhibit the formation of arterial plaques and suppress the main inflammatory pathways involved in metabolic syndrome.

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