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That was word from the Columbia company Tuesday inregulatoryg filings. The patent office in the Hague, Netherlandes upheld a patent that was granted to the biotech firm in 2007 but was challenged by food manufacturersdand Ltd. The patentr office said Martek’s patent applies to Martek’sw nutritional oil in infant formula, but is not coveredr when it is blended with certain fish oils used ininfant formula. Martek (NASDAQ: MATK) expectsx the appeal will take one to two year and said it does not believe the ruling will impacttits revenue.
Derived from the company’s nutritional oils are also used in dietary supplements and food such as yogurt and The company has been aggressivel y expanding its infant formula business overseas as it has nearly saturatedsthe U.S. market. Martek warned in its last earning s statement that its infant formul sales in the third and fourth quarterss could drop as retailers trim theie inventories ofthe product. The company anticipates demandc will pick up infiscal 2010.
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