IGENE Biotechnology, Inc. (IGNE)

IGENE Biotechnology, Inc. (Igene) is engaged in supplying, producing and marketing specialty biochemical products. Igene is a supplier of natural astaxanthin, an essential nutrient in different feed applications and a source of pigment for coloring farmed salmon species. Igene's natural astaxanthin product is marketed as AstaXin. Igene is also focused on research and development in the areas of fermentation technology, nutrition and health, and the marketing of products and applications globally. The wholly owned subsidiary of the Company is Igene Chile Commercial, Ltda. On January 8, 2009, Igene entered into an agreement with Archer-Daniels-Midland Company (ADM), pursuant to which the Company and ADM formed a joint venture (the ADM JV) to manufacture and sell astaxanthin and derivative products globally.