|Cyanotech Says Its BioAstin® Natural Astaxanthin Obtains GRAS Status
— Cyanotech Is Largest Producer of Natural Astaxanthin in World Market —
KAILUA KONA, Hawaii (January 6, 2011) — Cyanotech Corporation (Nasdaq: CYAN) announced today that its industry-leading product, BioAstin® Natural Astaxanthin, has obtained self-affirmed GRAS status (Generally Recognized As Safe for use in food and beverage applications) by a panel of experts assembled by GRAS Associates, LLC. GRAS assessment documentation has been submitted to the US Food & Drug Administration (FDA) for the agency’s review.
“Cyanotech is pleased to have BioAstin self-affirmed with GRAS status, which will allow manufacturers to use it in a variety of functional food and beverage products,” said Gerald R. Cysewski, Ph.D., Cyanotech’s Founder and Chief Scientific Officer. “BioAstin is used as a stand-alone nutritional supplement or in supplement formulas in over 50 countries worldwide.”
US FDA GRAS status is the defining regulation for food and beverage applications in the US. It is also an important milestone for other countries’ regulatory bodies considering allowing BioAstin in functional foods and beverages. Cyanotech’s other major microalgae product, Hawaiian Spirulina Pacifica®, was previously recognized by the FDA as having GRAS status.
“GRAS status for BioAstin comes at an opportune time as we have completed extensive research that has led to increased yields and production capacity,” added Dr. Cysewski. “Our increased capacity puts Cyanotech in a unique position as the industry’s most consistent and long-term supplier of natural astaxanthin.”
“With the announced closure in 2010 by Yamaha Motors of its natural astaxanthin production facility in Japan and Fuji Chemical Company closing its facility in Maui, Hawaii (while still maintaining astaxanthin production in Sweden), we estimate that we are now by far the world’s largest producer of natural astaxanthin from microalgae,” Dr. Cysewski noted.
About Cyanotech — Cyanotech Corporation, a world leader in microalgae technology, produces BioAstin® Natural Astaxanthin and Hawaiian Spirulina Pacifica®—all natural, functional nutrients that leverage our experience and reputation for quality, building nutritional brands which promote health and well-being. Cyanotech's Spirulina products offer complete nutrition, and augment energy and immune response. They are FDA reviewed and accepted as Generally Recognized as Safe (GRAS) for use in food products. BioAstin's superior antioxidant activity and ability to support and maintain a natural anti-inflammatory response enhance skin, muscle and joint health. All Cyanotech products are produced from microalgae grown at its 90-acre facility in Kona, Hawaii using patented and proprietary technology. Cyanotech distributes to nutritional supplement, nutraceutical and cosmeceutical manufacturers and marketers in more than 54 countries worldwide. Cyanotech was the first microalgae company in the world to obtain quality management standards ISO 9001:2000 certification and is GMP-certified by the Natural Products AssociationTM. Visit www.cyanotech.com for more information.
Bruce Russell: [email protected]
(310) 559-4955 x101