26th Oct 2010 07:00
Oxford Nutrascience Group plc
("the Company")
Patent granted for chewy confectionery compositions
Oxford Nutrascience Group plc ("the Company") has been granted a 20 year UK patent (from the date of submission, 7 August 2006) for its chewy confectionery composition technology. The patent covers the Company's technology which allows sugars to be replaced with fibres and for the product to be fortified with vitamins and other nutraceutical ingredients.
As outlined in the Company's admission document dated 8 February 2010 the application is listed under Patent Family 1, number 0615590.7. An application for a European chewy confectionery patent (number 07251302.1) was submitted on 27 March 2007. The granting of the European patent is expected in due course.
The Company recently announced the launch of its CHEWYZ™, a reduced sugar, high fibre, tasty, vitamin enriched soft chew. Every chew contains 50mg of Omega 3, vitamins A, C, D & E and contain 35% fibre. Chewyz will initially be launched in Tesco Nutri Centre stores.
Marcelo Bravo, Executive Chairman and Chief Technology Officer commented,
"The granting of this patent in the UK strengthens the commercialisation of our chews. Our Chewyz product is healthier than any other chew currently available in the market.
"This addition to our patent portfolio provides further validation of the Company's strategy of developing intellectual property that can be successfully exploited to build a business in the medicine and consumer healthcare sector."
For further information:
www.oxfordnutrascience.com
Oxford Nutrascience Group Plc
Nigel Theobald, Chief Executive +44 1865 854874
Mark Way, Investor and Media Relations +44 7786 116991
ZAI Corporate Finance (Nominated Adviser)
John Depasquale +44 20 7060 2220
Sarang Shah +44 20 7060 2220
About Oxford Nutrascience Group Plc
·; Oxford Nutrascience is a UK consumer healthcare company that develops chewy confectionery, chewable tablets and liquid suspensions to allow medicines and vitamin supplements to be taken in a more pleasant and convenient way.
·; Oxford Nutrascience has developed technology for the use of soluble fibres in medicine delivery systems that disperse and solubilise medicines, improve taste and mouth feel, simplify processing and eliminate additives, incorporate prebiotic health benefits.
·; Chews: Oxford Nutrascience currently produces Ellactiva®, a calcium chewy supplement sold in the UK and in the Middle East, and plans to launch new chews to complement this existing product.
·; Chewable tablets and liquid suspensions: The target market for Oxford Nutrasciences' Chewitabs™ and liquid suspension delivery systems are over-the-counter ("OTC") pain relieving drugs, indigestion preparations and cough and cold medicines.
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