In the R&D area, Cyanotech continues to pursue development of its unique, bio-engineered mosquitocide
product and its aldolase catalytic antibody.
This pesticide was subsequently not reregistered with the Environmental Protection Agency after 1992 for use as a mosquitocide
and therefore was taken off the market.
Products in development include "Astaxanthin", a red pigment from microalgae used in aquaculture feed to impart pink color to pen-raised fish and shrimp, and "Synechococcus", algae used as food for mosquito lame, but which could act as a mosquitocide
through a genetically-introduced natural soil toxin, Bti.
In line with our goal of returning to profitability as quickly as possible, during the quarter the company suspended work on developing the mosquitocide
product and the catalytic antibody product under license from The Scripps Research Institute.
The Company is reengineering the mosquitocide
to increase its toxic effect and plans to begin field trials to assess toxicity during the current quarter.
In the R&D area, Cyanotech continues to make progress on enhancing its unique bio-engineered mosquitocide
, which combines a natural food for mosquito larvae, the microalgae Synechococcus, with natural toxins from the soil bacterium Bti.
We also are continuing to invest in research and development, currently directed to commercializing Cyanotech's promising natural mosquitocide
Laboratory work continues on our genetically-engineered mosquitocide
," Cysewski concluded.
He will have overall marketing responsibility for Cyanotech's products worldwide, including the company's market-leading Spirulina Pacifica nutritional supplement products, as well as new microalgae products under development by the company, such as natural astaxanthin and a genetically engineered mosquitocide
Natural astaxanthin and genetically engineered mosquitocide
are new products for the company and many production issues must be resolved prior to commercial production.
Besides our continuing development of Spirulina-based products currently in production, we are bringing to market our new natural pigment, Astaxanthin, for the aquaculture feed industry and have embarked on a program to commercialize a promising natural toxin-based mosquitocide
-- all produced from microalgae.
Mosquito control in the Tennessee Valley Authority area was not brought about by mosquitocides
but by clear-cutting the margins of bodies of water to reduce or eliminate mosquito habitat.