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In Brief: Cyanotech

This article was originally published in The Tan Sheet

Executive Summary

Cyanotech: Halts participation in Betapharm International joint venture with Hauser Chemical Research. The agreement was formed in 1994 to develop, produce and sell natural beta carotene products made from Dunalielle salina algae ("The Tan Sheet" Sept. 26, 1994, In Brief). Explaining the decision, Cyanotech notes its intention to "apply its resources to its own proprietary products." The company reports that Hauser currently plans to complete the pilot phase of the project and then decide whether to acquire a license for Cyanotech's beta carotene technology and pursue marketing opportunities...

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