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Martek Sells Isotope Business

January 14, 2002

1 Min Read
Martek Sells Isotope Business

Martek Sells Isotope Business

COLUMBIA, Md.--Martek Biosciences Corp. sold the assets of itsstable isotope business unit to Spectra Gases in Branchburg, N.J., forapproximately $800,000 plus ongoing royalties up to $500,000. Martek alsoreceived a 9-percent equity position and royalty interest in a new companyformed to pursue Martek's protein labeling technology. According to Martek (www.martekbio.com),the sale will allow the company to focus on development of its nutritionalbusiness and fluorescent marker technologies.

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