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PROGRESS ON TAGATOSE ACHIEVING 'GRAS' REPORTED
TO BIOSPHERICS
Media Contact: Mark Hopkinson 561/ 750-9800 x14
Email: mhopkinson@TransMediagroup.com
Investor Relations: Richard Levin 301/ 419-3900
Email: rlevin@biospherics.com
FOR IMMEDIATE RELEASE:
BELTSVILLE, MD., May 19, 2000 -- Biospherics Incorporated
(NASDAQ/BINC) reported today it has learned from its licensee for
tagatose, Arla Foods, that significant progress has been made in
determining the safety of the low calorie sweetener.
Biospherics officials said Arla had informed them
that, at a meeting on May 15, the Expert Panel determining whether
tagatose is Generally Recognized As Safe (GRAS) for use in foods
and beverages, was close to resolving the issue and that specific
data from a Biospherics study might help speed the process.
Biospherics CEO, Dr. Gilbert Levin said that he welcomed
the opportunity to provide data from a one-year study of the sweetener
which the Company undertook at the University of Maryland. "We obtained
excellent results in the clinical trial conducted on human patients
at the University of Maryland's School of Medicine which might allow
the Expert Panel to reach a favorable conclusion," he said.
According to Dr. Levin large doses of tagatose were
taken orally by the patients every day for a year with no untoward
effects on safety. "We were so impressed with these results that
we had recently asked Arla Foods to present them to the Panel,"
he said.
The clinical trial of tagatose, at the University
of Maryland, was partly funded by the State of Maryland which awarded
a grant through its Maryland Industrial Partnerships Program (MIPS).
GRAS status would permit commercialization of the
Biospherics' full-bulk, low-calorie sweetener for use in foods and
beverages in the US. MD Foods, which licensed these applications
of Biospherics' patented technology, was recently merged with the
Swedish firm, Arla, to form Arla Foods. Arla Foods officials continue
to express confidence that tagatose will qualify as GRAS.
Biospherics Inc. is a biotechnology research company
founded by Dr. Gilbert Levin who also performed research as part
of NASA's mission to Mars in 1976 where Biospherics technology helped
test soil samples. As a related project, Biospherics began research
on non-fattening sweeteners and, in the 1990's discovered that tagatose,
a natural sugar found in certain berries and dairy products, tastes
like table sugar and is low in calories. The Company then invented
a "green" process to make the sweetener economically using whey
as the raw material.
Certain statements contained herein are "forward looking"
statements as defined in the Private Securities Litigation Reform
Act of 1995. Because such statements include risks and uncertainties,
actual results may differ from those expressed or implied. Factors
that could cause actual results to differ materially from those
expressed or implied include, but are not limited to, those discussed
in filings by the Company with the Securities and Exchange Commission,
including the filing on Form 8-K made on March 3, 1999.{main}
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