Newly Established Biotec Marine Biochemicals Subsidiary for Marine Enzymes

Biotec Pharmacon ASA has moved all its enzyme activities into Biotec Marine Biochemicals AS and hired Jan Buch Andersen as Managing Director of the newly established subsidiary. The target is to strengthen the development of the marine enzymes business, which in 2009 is expected to generate revenue of approximately NOK 15 million with an EBITDA margin of 40%. New products and new applications for the company’s enzymes are expected to form the basis for strong growth in the coming year.

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