Minister for Agriculture and Food announces Agreement focusing on development of new pediatric nutritional products between Alimentary Health and US company Mead Johnson Nutritionals
The Minister for Agriculture and Food, Ms Mary Coughlan T.D., today announced that Cork company, Alimentary Health has entered into an exclusive research development and cross-licensing agreement with US company, Mead Johnson Nutritionals. The agreement covers nutritional applications of novel ingredient technologies for infants and children. Under the terms of the agreement, Alimentary Health and Mead Johnson will each contribute their intellectual property and patented technologies to research projects and jointly fund development programs.
Making the announcement, Minister Coughlan said "This agreement comes as a result of the high quality of research being carried out by Alimentary Health, an Enterprise Ireland supported high growth company. Agreements like this provide Irish companies with a vital entry into the US market and demonstrate the critical importance of research and innovation for growth in Irish companies. I met with Mead Johnson and Alimentary Health on a recent visit to the US with Enterprise Ireland, and am delighted this agreement has now been signed".
Barry Kiely, chief executive officer, Alimentary Health, said "we are pleased to complete this agreement with Mead Johnson. This agreement is important because it provides a commercial alliance for our technologies with a partner dedicated to providing clinically proven technology to infants and children. An alliance of this nature demonstrates the commercial viability of our mission to improve the quality of life of patients and consumers through the development of scientifically supported technologies and products."
Left-Right, Dr Barry Kiely, Alimentary Health, Mike Feeney, Executive Director, Enterprise Ireland, Dr Michael Ceddia, Ph.D, Mead Johnson & Company, Minister Mary Coughlan TD, Minister for Agriculture and Food, Dr. Liam O'Mahony, Alimentary Health, Steve Golsby President, Mead Johnson & Company
28 April, 2005
Notes to Editors
Alimentary Health is a development stage specialty biotechnology company linked to the Alimentary Pharmabiotic Centre based at University College Cork, Cork, Ireland. Alimentary Health is focused on discovery, development and commercialization of proprietary treatments for gastrointestinal disorders and other inflammatory conditions.
The Alimentary Pharmabiotic Centre (APC) in Cork was established through Science Foundation Ireland (SFI). This Centre provides the fundamental R&D to bring products to the marketplace with a very high safety profile. The APC is a partnership between Alimentary Health, University College Cork and Dairy Products Research Centre Teagasc Moorepark. The principle investigators under the directorship of Professor Fergus Shanahan, have positioned the APC at the forefront of human healthcare. The APC programmes provide a platform for cutting edge developments for Irish Industry and their partners.