Martek Biosciences Corporation (Public, NASDAQ:MATK) is engaged in the innovation and development of nutritional products from microbial sources, including algae, fungi and other microbes, that promote health and wellness. The Company's innovation and development is based on its technology in areas, such as microbial biology, algal genomics, fermentation and oil processing.
The Company developed and commercialized life'sDHA, a vegetarian source of the omega-3 fatty acid docosahexaenoic acid (DHA), for use in infant formula, pregnancy and nursing products, foods and beverages, dietary supplements and animal feed.
Martek also produces life'sARA, a vegetarian source of the omega-6 fatty acid arachidonic acid (ARA), for use in infant formula. Its wholly-owned subsidiaries include Martek Biosciences Boulder Corporation and Martek Biosciences Kingstree Corporation.
In February 2010, the Company completed the acquisition of Amerifit Brands, Inc. from Charterhouse Group, Inc.