Neptune Tech. Settles ITC Action Over Krill Oil Patent

Law360, New York (October 03, 2013, 6:28 PM ET) -- Krill oil harvester Neptune Technologies & Bioressources Inc. on Wednesday said it has reached a deal that ends its claims in the U.S. International Trade Commission against several rivals, which grants them licensing agreements for use of its krill oil extraction patent.

Laval, Quebec-based Neptune said the settlement grants Rimfrost USA LLC, Olympic Seafood AS, Olympic Biotec Ltd., Avoca Inc. and Bioriginal Food & Science Corp. worldwide, nonexclusive royalty-bearing licenses allowing them to market and sell nutraceutical products that contain parts extracted from krill.

“Today's resolution with...
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